US factory production rebounds at fastest pace in 4 months

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WASHINGTON (AP) — U.S. factory production in July posted the strongest gain in 4 months, reflecting a surge in production at auto plants that are still confronting major supply chain problems. The Federal Reserve reported Tuesday that manufacturing output increased 1.4% in July following a decline of 0.3% in July. It was the best showing for factory output since a 3.4% gain in March. Overall, industrial production _ which includes manufacturing, utilities and mining _ posted a 0.9% increase, the best performance since a 2.8% surge in March.

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