Posted December 17, 2019

Industrial and manufacturing production rebound

Industrial production and manufacturing production both rebounded 1.1 percent in November after declining in October.

These sharp November increases were largely due to a bounceback in the output of motor vehicles and parts following the end of a strike at GM.

Manufacturing output rose 1.1 percent in November after having been held down in September and October by the strike in the motor vehicle industry. An increase of 2.2 percent for durables primarily reflected a jump of 12.4 percent for motor vehicles and parts, but even excluding motor vehicles and parts, the output of durables moved up 0.6 percent. The indexes for primary metals and for computer and electronic products advanced 1 percent or more, while the indexes for nonmetallic mineral products, furniture and related products, and machinery declined modestly.

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