US factory production rose a healthy 0.5 percent in April
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May 17, 2018
WASHINGTON (AP) — U.S. factories cranked out more appliances, computers and aircraft last month, lifting manufacturing production for only the second time in five months.
The Federal Reserve said Wednesday that factory output rose 0.5 percent in April after a flat reading in March. In the past year, production has increased a modest 1.8 percent.
A broader measure of industrial production, which includes mining and utilities, rose 0.7 percent. Mining output, lifted by higher oil prices, jumped 1.1 percent. Utilities output rose 1.9 percent.
U.S. manufacturers have benefited from solid consumer...
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