U.S. factory production rebounded in June by the most in four months as the industry regained its footing after a fire-related disruption at an auto parts supplier, Federal Reserve data showed Tuesday.
Highlights of Industrial Production (June)
- Factory output rose 0.8% (est. 0.7% gain) after falling a revised 1% (prev. 0.7% drop).
- Total industrial production, which also includes mines and utilities, increased 0.6% (est. 0.5% rise) after a revised 0.5% decrease.
- Capacity utilization, measuring the amount of a plant that is in use, rose to 78% (est. 78.3%) from 77.7%.
