Industrial production rose in July in the United States, thanks in part to a 10.1% jump in production of motor vehicles and spare parts, show statistics released Friday by the Federal Reserve.
The increase in industrial output was 0.4%, as in June June’s increase was announced at 0.2% in the first estimate and economists polled by Reuters on average expected a rise of 0.3% last month.
Manufacturing output rose 1 , 0%, its biggest gain since February. Economists expected that 0.4%.
Mining output rose 0.3%, its ninth consecutive monthly increase, while companies utilities decreased by 3 4% due to a July temperate, which has limited the demand for air conditioning.
(Moriah Costa, Wilfrid Exbrayat for the French service, edited by Marc Angrand)
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