U.S. manufacturing output jumped in June

Despite the fact that factories are facing the challenges from slowing down global economy, high unemployment rate in the U.S and stagnant income growth, U.S. manufacturing output increased in June. Output at factories, utilities and mines jumped 0.4 per cent, after erasing 0.2 per cent in the previous month. Moreover, capacity utilization also rose by 0.2 per cent to 78.9 per cent.