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US industrial output rises in November

by ChemOrbis Editorial Team -
  • 16/12/2014 (11:31)
According to a statement by the US Federal Reserve, the country’s industrial production posted its largest gain since February by rising 1.3% in November. The increase was attributed to rising demand for cars, machinery, and clothing. Economists’ initial forecasts called for a 0.8% gain in a survey by the Wall Street Journal.

On a yearly basis, the country’s overall industrial output rose 5.2% in November. Manufacturing output was up 1.1%, mostly due to a 5.1% gain in motor vehicles production. The country’s capacity utilization climbed to 80.1% in November to post its highest level since March 2008.
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