Industrial output rises 0.5 percent in June

The strength came from the end to an automotive production strike rather than any underlying boost to the economy.

The Federal Reserve reported Wednesday that industrial production increased by 0.5 percent last month, the best showing since a 0.6 percent increase in July of last year.

The increase followed two months of declines and was better than had been expected. The rebound reflected a resumption of auto production following the end of a strike at parts supplier American Axle, however.