U.S. Industrial Output Moderates After Storm-Related Rebound
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U.S. industrial production rose at a slower pace in November as factory output moderated following the biggest advance in more than seven years that reflected a hurricane-related surge, Federal Reserve data showed Friday.
Three straight months of increased factory output show that manufacturing remains on solid ground amid steady consumer spending and strong gains in business investment. An improvement in overseas markets may also boost export demand in coming months.