Economics
Factory Output in U.S. Increases at Solid Pace in Broad Advance
- A 0.7% gain followed October’s upwardly revised 1.4% jump
- Manufacturing capacity rate improves to highest since 2018
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Output at U.S. factories solidly advanced in November, suggesting an easing in capacity constraints is helping manufacturers ramp up production.
The 0.7% increase followed an upwardly revised 1.4% jump in October, Federal Reserve data showed Thursday. Total industrial production, which also includes mining and utility output, rose 0.5% in November.