US factory output dips 0.1% in June on auto chip shortage - HOI ABC

WASHINGTON (AP) — U.S. factory output slid last month as a shortage of computer chips disrupted auto production.

Manufacturing production dipped 0.1% in June — third drop in five months, the Federal Reserve reported Thursday.

Overall, industrial production — including output at factories, mines and utilities — rose 0.4% lat month after increasing 0.7% in May.

Excluding autos, industrial production rose 0.4% last month.

Utility output climbed 2.7% in June as Americans cranked up the air conditioning to battle a heat wave across much of the country. Mining output rose 1.4% on an uptick in oil and gas production.

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