Production at U.S. factories rebounded in April, led by a firm advance at automakers and suggesting some stabilization in goods demand.
Manufacturing output rose 1% last month after downward revisions to the prior two months, Federal Reserve data showed May 16. Including mining and utilities, total industrial production increased 0.5%.
The gain in factory output reflected a 9.3% jump in motor vehicle production as well as increases for primary metals, computers and electronic products, and chemicals.
