U.S. industrial production edged higher in July

WASHINGTON Fri Aug 15, 2014 10:20am EDT

Robotic arms spot welds on the chassis of a Ford Transit Van under assembly at the Ford Claycomo Assembly Plant in Claycomo, Missouri April 30, 2014.  REUTERS/Dave Kaup

Robotic arms spot welds on the chassis of a Ford Transit Van under assembly at the Ford Claycomo Assembly Plant in Claycomo, Missouri April 30, 2014.

Credit: Reuters/Dave Kaup

WASHINGTON (Reuters) - U.S. industrial production edged higher in July, as production of auto parts and motor vehicles jumped 10.1 percent, according to data released by the Federal Reserve on Friday.

Industrial production rose 0.4 percent, which was unchanged from June. The June increase was previously reported at 0.2 percent.

Economists polled by Reuters had forecast industrial output rising 0.3 percent.

Manufacturing output rose 1.0 percent, in what the Fed said was the largest increase since February. Economists expected a rise of 0.4 percent.

Production at mines moved up 0.3 percent, the ninth consecutive monthly increase. Utility output fell 3.4 percent due to mild July weather that cut demand for air conditioning.

(Reporting by Moriah Costa; Editing by Chizu Nomiyama)

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Comments (6)
gcf1965 wrote:
Yesterday we were told auto sales were down, today auto manufacturing up = MORE increased inventories = more front loading to shore up GDP numbers. After the elections, the fragile and ALREADY sinking economy, being held together with artificial stimulants, is going to dive hard and fast, and assuming the GOP/TP takes the senate, there will be a media blitz blaming them in an effort to to take back congree and keep white house in 2016. This is instrumneted I have no doubt by the DNC.

Aug 15, 2014 9:44am EDT  --  Report as abuse
111Dave111 wrote:
gcf1965 spewing disention from Fox ‘news’, his preferred misinformation source (he announced that yesterday, while explaining his racial views). In fact those of us who work appreciate that the US economy is doing better than predicted and better than Europe (flat).

It will be Good to get rid of the Negative, Obstructive Republicans, TeaP, GOPpers in 2014, and wipe them off the map in 2016.

Aug 15, 2014 10:42am EDT  --  Report as abuse
Gcf1965, looks like you have jumped off the deep end into the conspiracy pool.

How many time a have you righties said the crash is coming in the last 6years? and guess what it has NEVER come.

Can’t you all just accept that after the worst financial crisis since 1929 we are slowly recovering?

Aug 15, 2014 10:52am EDT  --  Report as abuse
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