Economic Report: Industrial output rises the most in six months as automakers boost pickup truck production [MarketWatch]
Ford Motor Company (F)
Last ford motor company earnings: 4/28 04:09 pm
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Source: MarketWatch
Industrial output rises the most in six months as automakers boost pickup truck production The numbers: Industrial production rose 0.4% in May, a solid and broad-based gain helped by increased production of pickup trucks and cars, the Federal Reserve said Friday . It was the strongest monthly rise in six months. Capacity utilization edged up two-tenths of a point to 78.1%. Economists polled by MarketWatch expected a 0.2% gain in production and capacity utilization of 78%. What happened: There were gains across the board in May, with consumer goods, business equipment, nonindustrial supplies and materials output all increasing. The biggest gain came from the most volatile category, utilities, which surged 2.1% in response to consumers cranking up air conditioners. Manufacturing production rose 0.2%, driven by higher automotive product output, and mining output rose 0.1%. Light truck assemblies climbed to an 8.43 million annualized rate, up from 7.84 million in April. Auto assemblies
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