WASHINGTON -- Industrial output grew more than expected in July, led by a surge in big-ticket consumer goods such as appliances, the Federal Reserve reported yesterday.

The report showed that economic growth may not be slowing quite as fast as previously thought and business confidence in consumer demand remains strong, analysts said.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.