“U.S. Factory Output Rebounds Even Without Post-GM Strike Bump”
December 23, 2019
“U.S. factory production rebounded by more than forecast in November and rose excluding a surge in auto production following the end of the General Motors Co. strike, in a sign of stabilization in manufacturing.
The 1.1% increase in manufacturing output, the biggest gain since early 2018, followed a 0.7% decrease in October, Federal Reserve data showed Tuesday, topping the median estimate of economists for a 0.8% gain. Production of motor vehicles and parts jumped 12.4%, the most in a decade; excluding that category, factory output rose 0.3%, the first gain in three months.
Total industrial production, which also includes mines and utilities, rose 1.1% after a 0.9% decrease…”
https://finance.yahoo.com/news/u-factory-output-rebounds-even-141501605.html