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Industrial output up 0.6% in November on mining and utilities but factories sputter
The numbers: Industrial production rose 0.6% in November, the strongest gain in three months, the Federal Reserve reported Friday, on the back of strong mining and utility output. The increase in November output was above Wall Street expectations of a 0.4% increase. Compared with 12 months earlier, production was up 3.9%. But manufacturing output was weak for the second straight month. During November, manufacturing output was flat and there was a large downward revision in the prior month - to a fall of 0.1% from a gain of 0.3% What happened: As expected, the gain in overall production was led by a 3.3% jump in ... (full story)