US Manufacturing Output Edges Up in June

U.S. factory production edged up in June as a decline in motor vehicle output was offset by gains elsewhere, though manufacturing remains constrained by tariffs on imports.

Manufacturing output ticked up 0.1% last month after an upwardly revised 0.3% increase in May, the Federal Reserve said on Wednesday. Economists polled by Reuters had forecast production unchanged after a previously reported 0.1% gain in May. Production at factories increased 0.8% on a year-over-year basis in June. 

It grew at a 2.1% annualized rate in the second quarter after expanding at a 3.7%...

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