Industrial Production Rises After End of Strike

Washington, DC, July 16, 2008--Industrial output rose 0.5 percent in June, the fastest pace in 11 months, the Federal Reserve reported Wednesday.

The strength came from the end to an automotive production strike at American Axle rather than any change in the economy.

It was 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.