U.S. industrial production rose in June
WASHINGTON – U.S. industrial production rose in June as factories made more cars, machines and business equipment, the Federal Reserve said Tuesday. Factory output recovered to levels reached earlier this spring but appears to be leveling off.
Factory output rose 0.7 percent last month, after falling by the same amount in May, the Fed said. Factories produced more machines and vehicles used by businesses. Production of consumer goods edged higher. Overall industrial production rose 0.4 percent in June.
Auto production rebounded after its first decline of the year.
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