US manufacturing output rallied on the back of automotive rebound in March
Sat, Apr 16, 2022 8:26 AM

US manufacturing output rallied on the back of automotive rebound in March

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US factory activity saw a 3rd straight monthly gain fueled by the sharp rebound in automotive output in March.  

The overall growth of the industrial production rallied 0.9% last month,  matching February's upwardly revised pace, Feb said on Friday.

However, its also indicating the worst of the production woes that have dogged the motor vehicle industry over the last year may have passed.

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