U.S. – June industrial output rises

U.S. industrial output expanded in June on a rebound in manufacturing, a reassuring sign for an economy that has looked wobbly in recent months.

Industrial production grew 0.4 percent last month, the Federal Reserve said on Tuesday. That was in line with analysts’ expectations in a Reuters poll of a 0.3 percent gain.

Factory output rose 0.7 percent during the month, snapping back from a sharp decline in May. In its report, the Fed said May’s decline was steeper than initially thought.

However, the data still points to a slowdown in economic growth during the second quarter…

via June industrial output rises on factory rebound | Reuters.