U.S. Manufacturing Outlook Dims
Reuters
The Federal Reserve said industrial output, which includes manufacturing, utility and mining production, rose by 0.2% in July, its smallest gain since April.
That even this small gain was driven chiefly by the automotive sector also raised red flags for some economists.
Firms operated at a busier pace, though well below full potential, with capacity in use climbing to 76.1% from June’s revised 76%.
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