U.S. auto sector output boosts industrial production

U.S. industrial production rose in August, as strong output in auto manufacturing offset lacklustre production in the rest of the factory sector.

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