TribLIVE

| Business


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

Factory output rises for 5th month

By The Associated Press
Saturday, Jan. 18, 2014, 12:01 a.m.
 

Factory output rose for a fifth straight month in December, as manufacturers cranked out more cars and trucks, appliances and processed food. The gains suggest factories gave economic growth a strong boost at the end of the year.

The Federal Reserve said Friday that factory production rose 0.4 percent in December. That follows gains of 0.6 percent in November and October. Automakers increased their production 1.8 percent last month and 10.4 percent year over year.

Higher consumer demand is driving much of the increased manufacturing activity. Production of appliances, furniture, carpeting, food and clothing grew in December. Output of consumer goods gained 0.5 percent.

Overall industrial production, which includes manufacturing, mining and utilities, increased 0.3 percent in December. That's also the fifth straight monthly gain.

 

 
 


Show commenting policy

Most-Read Business Headlines

  1. Thousands of American steel jobs believed lost to import surge
  2. Google Maps opens business doors to online views for shoppers
  3. Deere to lay off about 460 from Iowa tractor plant
  4. Instead of clarity, Federal Reserve Chair Yellen offers more uncertainty on interest rate hikes
  5. Dynegy to spend $6.25B on power plant acquisitions
  6. Boat-sharing sites set sail
  7. Sprint cancels Framily, rolls out new data pricing plan
  8. Central banks around globe moving in different directions
  9. Microsoft keeping $93B offshore, off U.S. tax rolls
  10. GM’s legal team targeted in federal investigation
  11. Beware mergers’ bad spawn
Subscribe today! Click here for our subscription offers.