💡 Summary:
• Production of consumer goods slumps most since early 2021
• Output dropped 0.5% in June for a second month, Fed says
• Boosted by a 36.7% surge in the production of motor vehicles and parts in the second quarter
• Manufacturing may benefit some in coming months as retailers get inventories more in line with sales and the pace of goods inflation slows
The June index of production at factories, mines and utilities decreased 0.5...