Industrial Production Up 0.8%; Significant Rise in June Tied to Manufacturing, Mining and Auto Production

Summary


WASHINGTON (AP) - Industrial production rose significantly in June, reflecting advances in manufacturing, mining and auto production.

The Federal Reserve reported Monday that output at the nation's factories, mines and utilities jumped by 0.8 percent last month following a gain of 0.1 percent in May. The latest increase was stronger than expected; analysts had anticipated an increase of 0.4 percent.

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Extract


Industrial Production Up 0.8%; Significant Rise in June Tied to Manufacturing, Mining and Auto Production

The rise in production also marked a 4.5 percent increase over June 2005.

Production of autos and auto parts r...

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