U.S. industrial production in June posted the largest monthly gain since 1959, indicating manufacturing is stirring to life after coronavirus-related shutdowns.

Total output at factories, mines and utilities increased 5.4% from the prior month after climbing 1.4% in May, Federal Reserve data showed Wednesday. The median projection in a Bloomberg survey of economists called for a 4.3% advance. Factory output jumped 7.2%, the biggest gain since 1946.

To contact the reporter on this story:
Olivia Rockeman in New York at [email protected]

To contact the editors responsible for this story:
Scott Lanman at [email protected]