U.S. Factory Output Climbs More Than Expected as Autos Advance

U.S. factory output rose by more than expected in June on a solid gain in motor-vehicle production, suggesting American manufacturing is regaining a foothold despite fluctuating trade policies and a global slowdown.

Manufacturing output climbed 0.4% from the prior month after an unrevised 0.2% increase in May, Federal Reserve data showed Tuesday. Total industrial production, which also includes mines and utilities, was unchanged -- missing economist estimates for a 0.1% gain -- as milder-than-usual weather reduced demand for air conditioning, according to the report.

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