U.S. Manufacturing Output Rose for a Second Month in October
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Output at U.S. manufacturers rose for a second month in October, a sign the industry is gradually recovering from a prolonged period of weakness.
Production at factories, which make up 75 percent of all output, climbed 0.2 percent for a second month, a Federal Reserve report showed Wednesday. The median forecast in a Bloomberg survey called for a 0.3 percent gain. Warmer temperatures led to a drop in utility use, resulting in little change to total industrial production, which also includes mining.