Production at US Manufacturers Rebounds After March Slump
- Output rose 1% in April, driven by a surge in auto production
- Good news tempered by downward revisions to prior two months
Workers assemble cars at Ford's Assembly Plant in Chicago.
Photographer: Jim Young/AFP/Getty ImagesThis article is for subscribers only.
Production at US factories rebounded in April, led by a firm advance at automakers and suggesting some stabilization in goods demand.
Manufacturing output rose 1% last month after downward revisions to the prior two months, Federal Reserve data showed Tuesday. Including mining and utilities, total industrial production increased 0.5%.