The Federal Reserve reported Friday that industrial production — including output at factories, mines and utilities — climbed 3% in July after surging 5.7% in June.
American industry continued to regain ground lost in the coronavirus recession last month, but production remains well below where it was before the pandemic struck. including output at factories, mines and utilities — climbed 3% in July after surging 5.7% in June. Still, production remains 8.4% below its level in February before the outbreak began to spread rapidly in the United States. Factory output rose 3.
