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July 17, 2018

U.S industrial production rebounds in June

U.S industrial production rebounds in June
© Reuters. SUVs move through the assembly line at the General Motors Assembly Plant in Arlington, Texas

WASHINGTON (Reuters) - U.S. industrial production increased in June, boosted by a sharp rebound in manufacturing and further gains in mining output, the latest sign of robust economic growth in the second quarter.

The Federal Reserve said on Tuesday industrial production rose 0.6 percent last month after a downwardly revised 0.5 percent decline in May. Economists polled by Reuters had forecast industrial production rising 0.6 percent last month after a previously reported 0.1 percent dip in May.

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