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U.S. industrial production rebounds in June

Xinhua, July 16, 2015 Adjust font size:

The U.S. industrial production rose for the first time in three months in June, but the output of the manufacturing sector remained flat in the month, the Federal Reserve said Wednesday.

The industrial production of the United States, an indicator of factories, mines and utilities output, rose 0.3 percent in June, compared to a 0.2 percent decrease in the previous month.

The manufacturing output, the largest component of the overall industrial production, remained unchanged for the second consecutive month in June. The Fed attributed the soft manufacturing production to decline in output of motor vehicles and parts. In June, the output of motor vehicles and parts fell 3. 7 percent, while production elsewhere in the manufacturing sector rose 0.3 percent.

With the oil prices stabilizing, the index for mining went up 1 percent in June, compared to a 2.1 percent decrease in May. Utilities output rose 1.5 percent in the month after rising 1.2 percent in May.

The total industrial production in June was 1.5 percent above the level of one year ago. Endite