US Factory Output Rises Slightly, Limited by Auto Production
- Manufacturing production ex-autos rises most since January
- Total industrial output exceeded forecast on boost from oil
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US factory production eked out a small increase in August as a drop in motor vehicle assemblies masked a larger rebound in output of other consumer goods and business equipment.
The 0.1% rise in factory output last month followed a revised 0.4% gain in July, according to Federal Reserve data published Friday. Excluding auto production, manufacturing output jumped 0.6%, the largest gain since the start of the year.