Industrial production in the U.S. increased by slightly more than anticipated in the month of June, according to a report released by the Federal Reserve on Tuesday, with the increase partly due to a rebound by output in the manufacturing sector.
The Fed said industrial production rose by 0.4 percent in June following a revised 0.2 percent decrease in May. Economists had expected production to increase by 0.3 percent compared to the 0.1 percent drop originally reported for the previous month.
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