U.S. manufacturing production increases in August
WASHINGTON (Reuters) - U.S. factory output increased solidly in August, though momentum is slowing as the COVID-19 pandemic drags on.
The Federal Reserve said on Tuesday that manufacturing production rose 1.0% last month after surging 3.9% in July. Economists polled by Reuters had forecast manufacturing output would rise 1.2% in August.
Reporting By Lucia Mutikani; Editing by Chizu Nomiyama
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