Production at U.S. factories fell in July amid a decline in motor vehicle output and disruptions from Hurricane Beryl. Factory output dropped 0.3% last month...
WASHINGTON - Production at U.S. factories fell in July amid a decline in motor vehicle output and disruptions from Hurricane Beryl .
Motor vehicle and parts output dropped 7.8% last month after rising 0.3% in June. The Fed said auto production held down manufacturing output by 0.6%, while Hurricane Beryl was estimated to have weighed it down by 0.3%. Mining output was unchanged after falling 0.1% in June. Early shutdowns in the petrochemical and related industries ahead of Hurricane Beryl impacted production.
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