U.S. industrial output rises 0.7 percent in July
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Louisville Assembly Plant employees work to assemble the new 2013 Ford Escape on the production line in Louisville, Kentucky, June 13, 2012. REUTERS/John Sommers II/File Photo - RTSGGVI
WASHINGTON (Reuters) - U.S. industrial production rose more than expected in July, according to Federal Reserve data released on Tuesday.
Industrial output increased 0.7 percent last month after an downwardly revised 0.4 percent increase in June. Last month, manufacturing output rose 0.5 percent.
Economists polled by Reuters had forecast industrial production climbing 0.3 percent last month.
(Reporting by Lindsay Dunsmuir; Editing by Jason Lange)
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