U.S. manufacturing production rises more than expected in July

WASHINGTON (Reuters) – U.S. factory output increased more than expected in July, boosted by a surge in motor vehicle production.

The Federal Reserve said on Friday manufacturing production rose 3.4% last month after advancing 7.4% in June. Economists polled by Reuters had forecast manufacturing output increasing 3.0% in July.

(Reporting By Lucia Mutikani; Editing by Chizu Nomiyama)