US industrial production rebounds 0.6 percent in June
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July 18, 2018
WASHINGTON (AP) — U.S. industrial production rebounded last month after being dragged down in May by a fire at an auto parts plant.
The Federal Reserve said Tuesday that industrial production — which includes output at factories, mines and utilities — climbed 0.6 percent in June, recovering from a 0.5 percent drop in May. The May reading was warped by a fire at a Michigan parts factory that disrupted production of Ford Motor's F-series pickup trucks, America's bestselling vehicle.
American industry continues to look healthy despite trade conflicts with China, Europe and Canada and a rising dol...
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