US factories rebound, auto production doubles

Production at America’s factories, utilities and mines surged last month, as automakers doubled their pace.
The Federal Reserve said Wednesday that U.S. industrial production rose 5.4% in June, the second straight monthly gain after a 1.4% uptick in May. But it was still 10.9% below the level in February before the economy virtually shut down in the face of the coroanavirus.
The June performance was better than economists had forecasts and reflected the reopening of many parts of the U.S.