Unexpected Drop in Manufacturing Output Points to More Inflation Ahead

U.S. factory output slid last month as a shortage of computer chips disrupted auto production and capacity ultization continued to lag, pointing to further inflationary pressures ahead. Manufacturing production dipped 0.1 percent in June — the third drop in five months, the Federal Reserve reported Thursday. The decline was largely due to the auto sector.…

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Author: True Pundit Staff

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