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Economics

US Manufacturing Output Increases for a Second-Straight Month

  • Factory production rose 0.1% in August after 0.6% advance
  • Business equipment supported figure, while consumer goods fell
Industry
Photographer: George Frey/Bloomberg
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US factory production rose slightly in August as resilient business investment more than offset a pullback in the output of consumer goods, consistent with steady manufacturing activity.

The 0.1% increase in manufacturing output last month followed an auto-fueled 0.6% July increase, Federal Reserve data showed Thursday. Including mining and utilities, total industrial production fell 0.2% in August.