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US Factory Output Increases for First Time in Three Months

  • Production climbed 0.7% in July, fueled by auto plants
  • Manufacturing, total industrial production both beat forecasts
Updated on

Production at US factories increased in July for the first time in three months, propelled by a pickup in motor vehicle output that masked more mixed results in other categories.

The 0.7% increase in manufacturing production followed a revised 0.4% June decline, Federal Reserve data showed Tuesday. Including mining and utilities, total industrial output climbed 0.6% last month.