Economics
U.S. Factory Output Rose by Most in Four Months, Lifted by Autos
- Manufacturing production rose 1.4% in July in broad advance
- Spike in auto output reflects change in retooling schedule
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Production at U.S. factories strengthened in July by the most in four months, rebounding above pre-pandemic levels and indicating manufacturers are coping with snarled supply chains and shortages.
The 1.4% increase followed a revised 0.3% drop in June, Federal Reserve data showed Tuesday. Total industrial production, which also includes mining and utility output, rose 0.9% in July.