US Industrial Production Rises Again on Boost From Manufacturing
- Factory output rose by more than forecast in March on autos
- Manufacturing was also helped by output of consumer goods
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US industrial production rose for a second month in March, boosted by a larger-than-expected increase in factory output as manufacturing shows further signs of stabilizing.
The 0.4% increase in production at factories, mines and utilities matched the prior month’s revised gain, Federal Reserve data showed Tuesday. Mining and energy extraction fell, while output at utilities picked up.