Photo: Workers assemble cars at Ford’s Assembly Plant in Chicago. Photographer: Jim Young/AFP/Getty Images Workers assemble cars at Ford’s Assembly Plant in Chicago. Photographer: Jim Young/AFP/Getty Images

Production at U.S. factories rebounded in April, led by a firm advance at automakers and suggesting some stabilization in goods demand.

Manufacturing output rose 1 percent last month after downward revisions to the prior two months, Federal Reserve data showed Tuesday. Including mining and utilities, total industrial production increased 0.5 percent.

Metric Actual Median Estimate
Manufacturing production (MoM) +1% +0.1%
Industrial production (MoM) +0.5% Unchanged

The gain in factory output reflected a 9.3 percent jump in motor vehicle production, as well as increases for primary metals, computers and electronic products, and chemicals.

The gain in auto production was the largest since October 2021. Vehicle assemblies totaled an annualized 11.4 million last month, the strongest since July 2020.

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