US Manufacturing Production Rebounds After End of Auto Strike
- End of UAW strike prompted 7.1% jump in auto production
- Excluding motor vehicles, output declined for a second month
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US factory production rebounded in November, reflecting a pickup in activity at carmakers and parts suppliers following the end of the United Auto Workers’ strike.
Output increased a less-than-expected 0.3% last month, driven by a 7.1% surge in motor-vehicle production, Federal Reserve data showed. The figures followed a 0.8% decline in factory production in October.