U.S. Factory Output Increases

WASHINGTON (July 16, 2013)—U.S. factory output was up for a second straight month in June, the Federal Reserve said Tuesday.

Factory production rose 0.3 percent in June from May, following a 0.2 percent gain the previous month, the Fed said.

Still, the two months of gains barely offset drops in March and April.

Manufacturing output is up just 1.8 percent over the past year.

Overall industrial production, which includes factories, mines and utilities, also rose 0.3 percent in June.

Mining output increased 0.8 percent, and utility output slid 0.1 percent.

Manufacturing, the most critical component of industrial production, has struggled this year, providing little support to the economy as a recession in Europe and a slowdown in China reduced demand for U.S. goods.

KWTX-TV News 10 6700 American Plaza Waco, Texas 76712 (254) 776-1330 Fax (254) 751-1088
Copyright © 2002-2016 - Designed by Gray Digital Media - Powered by Clickability 215703011 - kwtx.com/a?a=215703011
Gray Television, Inc.