New figures from the Federal Reserve show a 0.5% hike in US industrial output for July – the sharpest increase since January.

The rise follows a flat June, providing further evidence of an upturn in the economy. Output in the beleaguered manufacturing sector rose 0.2%, though this was down slightly on a 0.3% increase the month before.

Separately, the Labor Department reported that consumer prices increased 0.2% last month, the same margin as in June.

Data sourced from: The Wall Street Journal Online; additional content by WARC staff