05/03/2024

Industrial Output Jumps on Strong Car Sales

U.S. industries ramped up production in January as strong car sales helped buffer factories against a global economic slowdown, but the outlook remains muddled. Industrial production—a broad measure of everything made by manufacturers, mines and utilities—jumped 0.9% in January from a month earlier, the Federal Reserve said Wednesday. Production hadn’t expanded by more than that in a single month since May 2010.

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