Industrial production rebounds in November
Industrial production rose by a stronger-than-expected 0.3% in November, a Federal Reserve report showed on Friday.
According to Reuters, industrial production rose by a stronger-than-expected 0.3% in November, reversing an October decline as mining and manufacturing output rebounded, a Federal Reserve report showed on Friday.
Economists polled by Reuters ahead of the report had forecast total output to increase 0.1% in November. The October decline, originally reported as a 0.5% drop, was revised downward to a 0.7% decrease, making that the largest monthly drop since a 1.6% drop in October 2005.
For the full Reuters report, click here .
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Annual Salary Survey
Before the calendar turned, 2016 already had the makings of a pivotal year for manufacturing, and for the world.
There were the big events for the year, including the United States as Partner Country at Hannover Messe in April and the 2016 International Manufacturing Technology Show in Chicago in September. There's also the matter of the U.S. presidential elections in November, which promise to shape policy in manufacturing for years to come.
But the year started with global economic turmoil, as a slowdown in Chinese manufacturing triggered a worldwide stock hiccup that sent values plummeting. The continued plunge in world oil prices has resulted in a slowdown in exploration and, by extension, the manufacture of exploration equipment.
Read more: 2015 Salary Survey