Factory output rises for 5th month
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
TribLive commenting policy
You are solely responsible for your comments and by using TribLive.com you agree to our Terms of Service.
We moderate comments. Our goal is to provide substantive commentary for a general readership. By screening submissions, we provide a space where readers can share intelligent and informed commentary that enhances the quality of our news and information.
While most comments will be posted if they are on-topic and not abusive, moderating decisions are subjective. We will make them as carefully and consistently as we can. Because of the volume of reader comments, we cannot review individual moderation decisions with readers.
We value thoughtful comments representing a range of views that make their point quickly and politely. We make an effort to protect discussions from repeated comments either by the same reader or different readers.
We follow the same standards for taste as the daily newspaper. A few things we won't tolerate: personal attacks, obscenity, vulgarity, profanity (including expletives and letters followed by dashes), commercial promotion, impersonations, incoherence, proselytizing and SHOUTING. Don't include URLs to Web sites.
We do not edit comments. They are either approved or deleted. We reserve the right to edit a comment that is quoted or excerpted in an article. In this case, we may fix spelling and punctuation.
We welcome strong opinions and criticism of our work, but we don't want comments to become bogged down with discussions of our policies and we will moderate accordingly.
We appreciate it when readers and people quoted in articles or blog posts point out errors of fact or emphasis and will investigate all assertions. But these suggestions should be sent via e-mail. To avoid distracting other readers, we won't publish comments that suggest a correction. Instead, corrections will be made in a blog post or in an article.
- Shift in what powers the grid raises concerns about fuel diversity
- Severance tax on natural gas drilling backed by Pa. voters
- Economist Hubbard says GOP should grow number of workers
- Highmark lays off nearly 100 workers, mostly in IT, as membership declines
- Unruly photo collection? Get it under control with organizing program
- Protesters refuse to pay back education loans
- Top residential, commercial deals of the week — March 1
- Women encouraged to become engineers
- ‘Shark Tank’ companies have change of heart
- Mylan closes $5.3B tax-lowering deal with Abbott Labs
- Free-market thinker Hall to lead Congressional Budget Office