Friday, July 15, 2011

Manufacturing flat in June because of weak autos

U.S. auto factories produced fewer goods in June than the previous month, and overall factory production was flat. It marked the third straight month of weak output slowed by supply chain disruptions caused by the Japan crisis. The Federal Reserve reported Friday that factory production was unchanged last month following a tiny 0.1 percent rise in May. The May data were revised down from an initial 0.4 percent increase. (Snip) Overall industrial production was up 0.2 percent in June

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