U.S. auto sector output boosts industrial production


WASHINGTON (Reuters) – U.S. industrial production rose in August, as strong output in auto manufacturing offset lackluster production in the rest of the factory sector.

An SUV moves through the assembly line at the General Motors Assembly Plant in Arlington, Texas June 9, 2015. GM-SUVS/ REUTERS/Mike Stone

The Federal Reserve said on Friday industrial production rose 0.4 percent last month after an upwardly revised 0.4 percent increase in July.

Economists polled by Reuters had forecast industrial production rising 0.3 percent last month after a previously reported 0.3 percent increase in July.

Manufacturing output rose 0.2 percent last month, powered by a 4.0 percent rise in motor vehicles and parts. U.S. producers assembled cars and trucks in August at an annual rate of 11.54 million units, the fastest pace since April.

But excluding motor vehicles and parts, U.S. manufacturing production was unchanged, the Fed said. Production fell for computers and electronic products…

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