The Federal Reserve said on Wednesday that manufacturing production increased 7.2 percent last month. Factory production rose at an unmodified pace of 3.8 percent in May.
Economists polled by Reuters had expected an increase of 5.6 percent in June. Total industrial production rose 5.4 percent last month after increasing 1.4 percent in May.
Prepared by Mahmoud Salama for the Arab Bulletin – Edited by Moataz Mohamed