Industrial production rebounds in November

Industrial production rose by a stronger-than-expected 0.3% in November, a Federal Reserve report showed on Friday.
By Plant Engineering Staff December 17, 2007

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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