US factory production rebounds at fastest pace in 4 months
U.S. factory production in July posted the strongest gain in 4 months, reflecting a surge in production at auto plants that are still confronting major supply chain problems
Your support helps us to tell the story
From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.
At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.
The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.
Your support makes all the difference.U.S. factory production in July posted the strongest gain in 4 months, reflecting a surge in production at auto plants that are still wrestling with major supply chain problems.
Manufacturing output increased 1.4% in July following a decline of 0.3% in July, the Federal Reserve reported Tuesday. It was the best showing since a 3.4% gain in March.
Overall, industrial production — which includes manufacturing, utilities and mining — posted a 0.9% increase, the best performance since a 2.8% surge in March.
The mining sector, which includes oil and gas production, rose 1.2% while output in the utility sector fell 2.1% in July.