Manufacturing, Mining Drive November Increase in Industrial Production



Amara Omeokwe | The Wall Street Journal

U.S. industrial production continued to bounce back from a decline early in the pandemic, advancing in November from the prior month on increased manufacturing and mining output.

Industrial production, a measure of factory, mining and utility output, increased a seasonally adjusted 0.4% in November, the Federal Reserve said Tuesday. Economists surveyed by The Wall Street Journal expected a 0.2% rise.

The rise in output followed a revised 0.9% rise in October, compared with a 1.1% initial estimate.

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