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US manufacturing output rises strongly in July, but still below pre-pandemic levels

from Reuters

US manufacturing output rises strongly in July, but still below pre-pandemic levels Reuters U.S. factory output increased more than expected in July, boosted by a surge in motor vehicle production, though activity remained below its pre-COVID-19 pandemic peak. The Federal Reserve said on Friday that manufacturing production rose 3.4% last month after advancing 7.4% in June. The third straight monthly gain left factory output about 8% below its level in February. READ MORE

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