Production at US factories barely rose in August as output of consumer goods declined, indicating a lack of traction for manufacturers also contending with tepid overseas demand.
The 0.1% increase in factory output followed a revised 0.4% gain a month earlier, according to Federal Reserve data published Friday. Total industrial production, which also includes mining and utilities, rose 0.4%.
The median forecast in a Bloomberg survey of economists called for 0.1% increases in both factory output and total industrial production.
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