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Manufacturing Rebound Led by Autos Supports Economic Growth

Bloomberg (09/16/13) Michelle Jamrisko

Led by a rebound in automobile manufacturing, U.S. industrial production climbed 0.4% in August after no change in July, according to the U.S. Federal Reserve. The increase was the biggest seen in six months and indicates manufacturing will help boost economic growth. A forecast by Bloomberg economists had called for a 0.5% increase in industrial production.