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. Falling fuel prices help airlines — not fliers
  2. Mortgage rate slide’s impact could be minimal
  3. Rule to close coal royalty loophole
  4. Education Management removes itself from Nasdaq listing
  5. World’s 1st carbon capture power plant switches on in Canada
  6. Toy sellers to enhance marketing as holidays approach
  7. PUC approves Columbia Gas pipeline extensions program for homeowners
  8. Stocks jump on strong earnings, led by 3M, Caterpillar
  9. Highmark seeks double-digit increase for more benefits, heavy use
  10. EQT Corp. boosts profits despite lower gas prices
  11. Natrona Bottling Co. keeps soda pop operation focused on craft, taste
Subscribe today! Click here for our subscription offers.