Industrial Production Up 0.8 Percent

Industrial production rose significantly in June, reflecting advances in manufacturing, mining and auto production, the Associated Press reports. The Federal Reserve reported Monday that output at the nation’s factories, mines and utilities jumped by 0.8 percent last month following a gain of 0.1 percent in May. The latest increase was stronger than expected; analysts had anticipated an increase of 0.4 percent The rise in production also marked a 4.5 percent increase over June 2005.

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