Stamford Advocate

Factory production rebounds


U.S. factory production in July posted the strongest gain in 4 months, reflecting a surge in production at auto plants that are still confrontin­g major supply chain problems. The Federal Reserve reported Tuesday that manufactur­ing output increased 1.4% in July following a decline of 0.3 percent in June. It was the best showing for factory output since a 3.4 percent gain in March.

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