U.S. automotive sector grew 6.6% after six months of declines and boosted industrial production in July

Industrial production rebounded more than expected in July in the United States, thanks to a strong boost in automobile manufacturing, according to data released Tuesday by the Federal Reserve. The industrial branch's production grew 0.6% compared to June, above the 0.3% expected by analysts. Over July 2021, the increase is 3.9%.