Industrial Output in U.S. Rises by Most in Four Monts

Assembly lines in the U.S. churned out more automobiles and computers in June, pointing to a rebound in manufacturing that will help the world’s largest economy strengthen in the second half of 2013.

Output at factories, mines and utilities climbed 0.3 percent, the biggest advance since February, after being little changed in May, according to Federal Reserve data issued today in Washington. Another report showed homebuilders this month were the most confident in seven years.