|
Post by bot on Aug 14, 2015 17:36:54 GMT -5
Surge in auto production lifts industrial output by 0.6% in July
WASHINGTON (MarketWatch) -- Thanks largely to increased production of autos, industrial production climbed 0.6% in July, the Federal Reserve said Friday. There were also upward revisions of 0.1% each in February, May and June. Excluding the 10.6% surge in autos, manufacturing production rose 0.1%, mining output rose 0.2% while utilities output fell 1%. Capacity utilization for the industrial sector increased 0.3 percentage point to 78%. Economists polled by MarketWatch expected a 0.4% rise in industrial production and a utilization rate of 78.1%.
|
|