US Factory Output Surges In July
U.S. factory output rose for the sixth consecutive month in July, led by a jump in the production of motor vehicles, furniture, textiles and metals. The Federal Reserve reported Friday that Manufacturing production rose 1 percent in July compared with the prior month. Factory output in June was revised slightly higher to a 0.3 percent increase. Over the past 12 months, manufacturing has risen 4.9 percent. Overall industrial production, which includes manufacturing, mining and utilities, rose 0.4 percent in July, dragged down by a 3.4 percent drop in production at utilities.
“US Factory Output Surges In July” is categorized as “business”. This video was licensed from Grab Networks. For additional video content, click the “video” tab at the top of this page.