US industrial output beats expectations

by The Manila Times

Jul 19, 2024 12:13 am

WASHINGTON, D.C. — US industrial production cooled in June but still exceeded analyst expectations, with manufacturing and utilities output both rising, the Federal Reserve (Fed) said on Wednesday.

Total industrial output rose 0.6 percent from the prior month, down slightly from May's 0.9 percent reading, the report said.

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