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US Industrial Output Jumps In July On Solid Manufacturing Gain

US Industrial Output Jumps In July On Solid Manufacturing Gain

A solid rebound in American manufacturing, especially vehicles, following two months of declines, helped push overall industrial production up in July, the Federal Reserve said last week.

A massive 6.6% surge in motor vehicle and parts production was a key driver of the 0.7% rise in manufacturing, which was the biggest gain since March, the data showed.

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