Industrial production gets short-lived boost from autos, but U.S. manufacturers still depressed
Jeffry Bartash
~1 minute
Economic Report
Major part of the economy remains slump-ridden
Published:
Industrial production posted a bigger-than-expected increase in August, but most of the gain was tied to autos and there was little sign of a rebound in a depressed U.S. manufacturing sector.
Output climbed 0.8% last month. Economists polled by The Wall Street Journal had forecast a 0.2% increase in production.