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U.S. industrial output rises for fifth straight month

Reuters  |  WASHINGTON 

WASHINGTON (Reuters) - U.S. industrial production rose for a fifth straight month in June, helped by gains in mining, while the manufacturing sector rebounded.Overall industrial production rose 0.4 percent in June after being up a revised 0.1 percent in May. Mining output increased 1.6 percent, with advances in oil and gas extraction, in coal mining and in drilling and support activities. Utilities output was unchanged.Economists had expected industrial output to increase 0.3 percent from the previously reported flat reading in May. Manufacturing rebounded 0.2 percent, in line with economist ...

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First Published: Fri, July 14 2017. 18:57 IST