Industrial production rose 0.6% in July, helped by a strong gain in auto outputthe Federal Reserve reported Tuesday.
The gain was above Wall Street expectations of a 0.3% increase, according to a survey by The Wall Street Journal.
The gain was above Wall Street expectations of a 0.3% increase, according to a survey by The Wall Street Journal. Motor vehicles and parts output rose 6.6% after a 1.3% fall on the prior month. Excluding autos, total industrial output increased 0.3%. Auto assemblies were the highest since August 2020.
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