U.S. industrial output grows again

U.S. industrial production rose for the second consecutive month in July, increasing by 0.2%, supported by gains in manufacturing, utilities, and mining sectors. Manufacturing, which accounts for three-quarters of industrial output, grew by 0.2% after a 0.3% increase in the previous month. Utility output increased by 0.5%, the largest rise in three months, along with a boost in mining. This growth indicates a continued recovery in the U.S. industrial sector throughout the summer.

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