NEWS
U.S. manufacturing production accelerates in July, led by autos
  • Production at U.S. factories surged in July, boosted by an acceleration in motor vehicle output.
  • Automakers either pared or canceled annual retooling shutdowns to work around a global semiconductor shortage.

Production at U.S. factories surged in July, boosted by an acceleration in motor vehicle output as automakers either pared or canceled annual retooling shutdowns to work around a global semiconductor shortage.

Manufacturing output jumped 1.4% last month after falling 0.3% in June, the Federal Reserve said on Tuesday.

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