Factory output rises solid 0.6% in November

| Tuesday, Dec. 17, 2013, 12:01 a.m.

Factories increased output in November for the fourth straight month, led by a surge in auto production. The gains show manufacturing is strengthening and could boost economic growth.

The Federal Reserve says factory production rose 0.6 percent in November after a 0.5 percent gain in October. Production of motor vehicles and parts rose 3.4 percent, rebounding from a 1.3 percent decline in October.

Overall industrial production — manufacturing, mining and utilities — grew 1.1 percent in November, the fourth straight gain. Colder-than-average temperatures drove greater utility production. Output is 21 percentabove its recession low of June 2009, the month the downturn ended.

Subscribe today! Click here for our subscription offers.


Do you want to help us improve our commenting platform?
Click here to take this a survey.

Show commenting policy