WASHINGTON, D.C. — US industrial production surged in August as motor vehicle manufacturing bounced back after plummeting in July, the Federal Reserve (Fed) said on Tuesday, shortly before kicking off a two-day meeting on interest rates.
Total industrial output exceeded expectations to rise by 0.8 percent last month from a revised 0.9-percent decline in July, the US central bank said in a statement, pinning much of the rise on "a recovery in the index of motor vehicles and parts."
Already have an active account? Log in here.
Continue reading with one of these options:
Continue reading with one of these options:
Premium + Digital Edition
Ad-free access
P 80 per month
(billed annually at P 960)
- Unlimited ad-free access to website articles
- Limited offer: Subscribe today and get digital edition access for free (accessible with up to 3 devices)
TRY FREE FOR 14 DAYS
See details
See details
If you have an active account, log in
here
.