Industrial output rises 0.5 percent

Industrial output rose in June at the fastest pace in 11 months.

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The strength came from the end to an automotive production strike rather than any underlying boost to the economy.

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The Federal Reserve reported Wednesday that industrial production increased by 0.5 percent last month, the best showing since a 0.6 percent increase in July of last year.

The increase followed two months of declines and was better than had been expected. The rebound reflected a resumption of auto production following the end of a strike at parts supplier American Axle, however.