TribLIVE

| Business


 
Larger text Larger text Smaller text Smaller text | Order Photo Reprints

Factory output rises solid 0.6% in November

On the Grid

From the shale fields to the cooling towers, Trib Total Media covers the energy industry in Western Pennsylvania and beyond. For the latest news and views on gas, coal, electricity and more, check out On the Grid today.

By The Associated Press
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.

 

 
 


Show commenting policy

Most-Read Business Headlines

  1. Large-scale batteries are integral in shift to renewable energy
  2. Plastics, tech sectors crucial to cracker plants
  3. Energy Spotlight: Steve Anthos
  4. Student loan debt presents paradox
  5. Without pipelines, gas can’t get to demand
  6. Open enrollment puts varied impact of health care law back in focus
  7. EDMC loses $664M; executives receive six-figure bonuses
  8. Mortgage in reach despite few dings
  9. Hackers rip into heart of open-source software
  10. Universal theme park swings into Beijing
  11. 113 Federal Reserve staffers earn more than chief Yellen
Subscribe today! Click here for our subscription offers.