Industrial Production in U.S. Climbs for a Fourth Month
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Industrial production in the U.S. unexpectedly rose in August, signaling manufacturing will support the world’s largest economy.
Output at factories, mines and utilities climbed 0.2 percent after a 0.9 percent gain in July, figures from the Federal Reserve showed today. Economists had forecast no change, according to the median estimate in a Bloomberg News survey. Factory production, which makes up 75 percent of the total, advanced 0.5 percent.