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Factory Output Dips 0.1% in June on Auto Chip Shortage

July 16, 2021

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U.S. factory output slid last month as a shortage of computer chips disrupted auto production.

Manufacturing production dipped 0.1% in June — the third drop in five months, the Federal Reserve reported July 15.

Overall, industrial production — including output at factories, mines and utilities — rose 0.4% last month after increasing 0.7% in May. Industrial output is up 9.8% from a year earlier.

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