U.S. industrial production rose in August as a bounce back in motor vehicle assembly lifted manufacturing output, a hopeful sign for the economy after growth got off to a slow start in the third quarter.
Industrial output increased 0.4 percent last month after being flat in July, the Federal Reserve said on Monday. The rise was in line with economists' expectations.
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Manufacturing production advanced 0.7 percent, reversing the prior month's 0.4 percent drop, as automobile assembly rebounded 5.2 percent after slumping 4.5 percent in July.