Industrial Production in U.S. Probably Rebounded in December

Industrial production in the U.S. probably rebounded in December, a sign that manufacturing was weathering a global slowdown at the end of last year, economists said before a report today.

Production at factories, mines and utilities increased 0.5 percent after declining 0.2 percent in November, according to the median forecast of 80 economists surveyed by Bloomberg News. Confidence improved among homebuilders this month and wholesale prices were little changed in December, other data may show.