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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
Updated on

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.