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U.S. auto sector output boosts industrial production

U.S. industrial production rose in August, as strong output in auto manufacturing offset lackluster production in the rest of the factory sector.

Industrial production rose 0.4 percent last month after an upwardly revised 0.4 percent increase in July.

Economists polled by Reuters had forecast industrial production rising 0.3 percent last month after a previously reported 0.3 percent increase in July.

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