U.S. manufacturing production increases in August

15 Sep U.S. manufacturing production increases in August

Posted at 13:45h in Economy, Stock by
imageEconomic Indicators22 hours ago (Sep 15, 2020 09:45AM ET)

(C) Reuters. FILE PHOTO: Workers make protective face masks as U.S. President Donald Trump visits Honeywell plant in Phoenix, Arizona

WASHINGTON (Reuters) – U.S. factory output increased solidly in August, though momentum is slowing as the COVID-19 pandemic drags on.

The Federal Reserve said on Tuesday that manufacturing production rose 1.0% last month after surging 3.9% in July. Economists polled by Reuters had forecast manufacturing output would rise 1.2% in August.

U.S. manufacturing production increases in August

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