TribLIVE

| Business


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

Factory output rises for 5th month

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