Manufacturing in the United States is showing a solid increase in output. Bloomberg reported, "The latest results indicate a steady advance in the nation’s manufacturing sector. Factory output climbed at a 1.9 percent annualized rate from April through June, marking the third straight quarterly increase." Auto production is back up after some trouble due to a supplier fire and mining also showed an increase in June.
U.S. factory production rebounded in June by the most in four months as the industry regained its footing after a fire-related disruption at an auto parts supplier, Federal Reserve data showed Tuesday. Read More