Manufacturing Climbs in August Following July Drop

American manufacturing production spiked last month according to data released by the Federal Reserve, following a brief drop in the month of July.

WASHINGTON (AP) — U.S. factory output increased in August at a solid clip, reversing a sharp drop in July, as production of metals, machinery and chemicals all rose.

The Federal Reserve said Tuesday that manufacturing production climbed 0.5% last month, after a 0.4% drop in July.

President Donald J. Trump arrives on stage to address employees at the Army Tank Plant Wednesday, March 20, 2019, at the Joint Systems Manufacturing Center in Lima, Ohio. (Official White House Photo by Shealah Craighead)

Continue reading the full article at the Associated Press.

Related Articles

Back to top button