U.S. Factory Output Rises More Than Forecast on Auto Production

18 December 2020

U.S. manufacturing output rose by more than forecast in November thanks to a boost in auto production. Output at factories increased 0.8% from the prior month after an upwardly revised 1.1% gain in October, according to Federal Reserve data Tuesday that compared with economists’ estimates for a 0.4% rise. Total industrial production, which also includes mining and utility output, advanced 0.4% in November after a 0.9% increase a month earlier.
Source: Bloomberg
Post by : Republic of Turkey Ministry of Trade