Tags: US | Factory | Output | Rose

US Factory Output Rose 1.1% in November

Friday, 14 December 2012 09:24 AM EST

U.S. factories rebounded in November from Superstorm Sandy, boosting production of cars, equipment and appliances.

The Federal Reserve says factory output increased 1.1 percent in November from October. That offset a 1 percent decline in the previous, which was blamed on the storm.

Total industrial output at factories, mines and utilities rose also rose 1.1 percent last month.

Auto production jumped 4.5 percent to lead widespread increases in factory output. It was the first increase in production at auto plants since July. Production of primary metals, wood products, electrical equipment and appliances all showed gains.

The increase in production is a hopeful sign that companies may not be panicking yet about looming tax increases that are set to take effect next month without a budget deal in Washington.

© Copyright 2025 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


Economy
U.S. factories rebounded in November from Superstorm Sandy, boosting production of cars, equipment and appliances.
US,Factory,Output,Rose
128
2012-24-14
Friday, 14 December 2012 09:24 AM
Newsmax Media, Inc.

Sign up for Newsmax’s Daily Newsletter

Receive breaking news and original analysis - sent right to your inbox.

(Optional for Local News)
Privacy: We never share your email address.
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 
Newsmax2 Live
 
On Now:1:30a ET • Diana: Conspiracy Theories
Coming Up:3:00a ET • Charles and Diana:1983
Get Newsmax Text Alerts

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
MONEYNEWS.COM
© 2025 Newsmax Media, Inc.
All Rights Reserved
NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved