US industrial production rises 0.4 percent in August; retail sales grow slightly

US industrial production rises 0.4 percent in August; retail sales grow slightly

US industrial production rose in August, the third straight month of gains. It was supported by strong output in auto manufacturing which offset lackluster production in the rest of the factory sector. The Federal Reserve said on Friday industrial production rose 0.4 percent in August. In other economic data, retail sales edged up 0.1 percent in August, the smallest rise since February.

KCooper
KCooper
Top in Business
Get the App