If there's any question as to what's driving the uptick in U.S. manufacturing production
, just take a look at what's happening in the auto industry.
Once on the verge of extinction, Chrysler Group LLC had its best August in six years.
The automaker reported U.S. sales of 165,552 units, a 12 percent increase over August 2012 and the group's best August sales since 2007.
"All aspects of our business continue to improve as evidenced by our streak of 41 consecutive months of year-over-year sales gains," said Reid Bigland, Chrysler's head of U.S. sales.
Six models set sales records in August, according to the automaker.
Sales of Ram pickup trucks jumped 31 percent, while sales of Dodge vehicles jumped 12 percent.
The Dodge Durango full-size SUV posted its best August in eight years with sales of 6,246 units, a 117 percent increase over August 2012.
All Jeep models in production posted double-digit year-over-year sales gains in August, paced by the Jeep Patriot with a 42 percent increase to 7,170 units.
The Jeep Wrangler, Jeep Compass and Jeep Patriot each recorded their best sales ever for the month of August.