Industrial Production Rises On Factory Output
By Daniel Wagner |
August 18, 2010, Wednesday
|
Print Edition
Print Edition
INDUSTRIAL production rose in July on the strength of United States manufacturing, as auto factories stayed open and businesses replaced worn-out equipment.
Output at America's factories, mines and utilities increased 1.0 percent last month, the Federal Reserve reported yesterday.
Factory output, the largest single component of industrial production, grew 1.1 percent. It was the biggest jump in nearly a year. Boosting output were auto plants that kept operating when they normally shutter for summer renovations. Even without the strong auto sector, factory output rose 0.6 percent.
Business equipment production grew 1.8 percent, the most of any major market group. That number has remained positive since February, while consumer goods and construction supplies have been uneven.
Output at America's factories, mines and utilities increased 1.0 percent last month, the Federal Reserve reported yesterday.
Factory output, the largest single component of industrial production, grew 1.1 percent. It was the biggest jump in nearly a year. Boosting output were auto plants that kept operating when they normally shutter for summer renovations. Even without the strong auto sector, factory output rose 0.6 percent.
Business equipment production grew 1.8 percent, the most of any major market group. That number has remained positive since February, while consumer goods and construction supplies have been uneven.
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