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Industrial Production in U.S. Rises by Most in Four Months

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Industrial Production in U.S. Rises by Most in Four Months
By Victoria Stilwell - Jul 16, 2013 9:20 AM ET

Industrial production rose in June by the most in four months, signaling U.S. manufacturing is improving heading into the second half of the year.

Output at factories, mines and utilities climbed 0.3 percent, the biggest advance since February, after being little changed in May, a Federal Reserve report showed today in Washington. The gain matched the median forecast of 86 economists surveyed by Bloomberg. Manufacturing (IPMGCHNG), which makes up 75 percent of total output, increased more than projected.

more @Bloomberg.com

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