Industrial Production Rises 0.2% in November
.S. industrial production rose 0.2% in November, the Federal Reserve said Friday.
The drop in production at factories, mines and utilities followed a followed an unchanged level in October from the previous month that had originally been reported as a 0.2% increase, the Fed said.
The gain was higher than economists’ forecasts of an unchanged level, Bloomberg reported. The increase reflected what might be a temporary jump in automobile production, Bloomberg said.
The share of industrial capacity in use rose held at 81.8% for a second month.
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