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VOL. 44 | NO. 28 | Friday, July 10, 2020

US industrial production surges 5.4% in June

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WASHINGTON (AP) — Production at America's factories, utilities and mines surged last month, but remained well below pre-pandemic levels.

The Federal Reserve said Wednesday that U.S. industrial production rose 5.4% in June, the second straight monthly gain. But it was still 10.9% below the level in February before the economy locked down in the face of the coroanavirus.

Factory production jumped 7.2% in June. The figures were better than economists had forecast.

Production at utilities climbed 4.2%. But mining output sank 2.9% last month, the fifth straight drop, pulled down by plummeting oil and gas production.

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TNLedger.com Knoxville Editon
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 0 0 0
MORTGAGES 0 0 0
FORECLOSURE NOTICES 0 0 0
BUILDING PERMITS 0 0 0
BANKRUPTCIES 0 0 0
BUSINESS LICENSES 0 0 0
UTILITY CONNECTIONS 0 0 0
MARRIAGE LICENSES 0 0 0