TribLIVE

| Business


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

Factory output rises solid 0.6% in November

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. Hospitals, doctors in Pa. received $32M in 5 months from drug, medical device companies
  2. Google Pittsburgh instrumental in fight against hackers, co-directors say
  3. Retirement planning is about more than just money
  4. LNG exports get federal approval from Dominion’s Cove Point terminal
  5. EPA says greenhouse gas releases from wells, pipelines decline
  6. Western Pa. unemployment rate holds steady in August
  7. Shareholders cheer eBay’s decision to spin off PayPal
  8. Trib 30 index of Pittsburgh-area stocks falls in September
  9. Education spending helps to widen wealth gap
  10. ‘Tug of war’ takes effect on stocks as market logs 3rd monthly drop for 2014
  11. Cranberry-based Prodigo Solutions: Hospitals can reduce high supply costs
Subscribe today! Click here for our subscription offers.