Industrial Production in U.S. Rises 0.6% on Autos, Utilities

From bloomberg.com

Industrial production in the U.S. increased in July, propelled by a pickup in motor vehicle output and a rebound in utility use during the hottest month on record. The 0.6 percent increase last month at factories, mines and utilities followed a revised 0.1 percent gain in June that was smaller than previously reported, Federal Reserve data showed today in Washington. Economists forecast a 0.5 percent rise, according to the Bloomberg survey median. Manufacturing, which makes up about 75 percent of total production, rose 0.5 percent for a second month. The pickup in industrial production, the most in three months, may ... (full story)