Energy Slump May Be Over Amid Factory Gains: Under the Hood

Here’s the takeaway from the Federal Reserve’s report Friday in Washington that showed U.S. factory production advanced 0.8 percent in July, the biggest gain since November and double the median forecast in a Bloomberg survey of economists:

* Auto output rebounded 10.6 percent last month, taking assemblies to 13.6 million at an annual rate, the most since 1978, according to data compiled by Bloomberg.