Factory output rises solid 0.6% in November
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.
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