Industrial production rose 0.5% in June, the most since February, the Federal Reserve said Tuesday.
The gain in production at factories, mines and utilities followed a 0.1% decline in May.
The share of industrial capacity in use rose to 81.7%, the highest in eight months. Factory output, which accounts for about four-fifths of the figure, rose 0.6% following no change. Ìý The gain matched economists’ forecasts, Bloomberg reported. Ìý The factory sector is one of trucking’s largest and most important customers.
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