U.S. Manufacturing Output Surges in November
U.S. manufacturing output recorded its largest increase in nine months in November as production expanded across the board, pointing to underlying strength in the economy.
Factory production increased 1.1 percent last month after an upwardly revised 0.4 percent advance in October, the Federal Reserve said.
Economists polled by Reuters had forecast manufacturing output rising by only 0.5 percent in November after a previously reported 0.2 percent gain in October.
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