FILE- In this July 11, 2018, file photo a worker assembles interior cabinets for a boat at Regal Marine Industries in Orlando, Fla. On Tuesday, July 17, the Federal Reserve reports on U.S. industrial production for June. (AP Photo/John Raoux, File)

US industrial production rebounds 0.6 percent in June

July 17, 2018 - 8:19 am

WASHINGTON (AP) — U.S. industrial production rebounded last month after being dragged down in May by a fire at an auto parts plant.

The Federal Reserve said Tuesday that industrial production — which includes output at factories, mines and utilities — climbed 0.6 percent in June, recovering from a 0.5 percent drop in May. The May reading was warped by a fire at a Michigan parts factory that disrupted production of Ford Motor's F-series pickup trucks, the nation's bestselling vehicle.

American industry appears healthy despite trade conflicts with China, Europe and Canada and a rising dollar that makes U.S. products more expensive abroad.

Factory production rose 0.8 percent last month after falling 1 percent in May. Mining output increased 1.2 percent in June, its fifth straight monthly gain. Utility production dropped 1.5 percent.

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