US Industrial Output Tops Forecasts as Manufacturing Stabilizes
- Overall production rose 0.9% in December, helped by strike end
- Factory output fell 0.5% in 2024, matching prior year’s drop
A worker inspects structural steel beams during production at a steel contractors facility in West Jordan, Utah.
Photographer: George Frey/BloombergThis article is for subscribers only.
US industrial production rose in December by more than forecast, helped by a pickup in factory output that indicates manufacturing is stabilizing after two years of weakness.
The 0.9% increase in production at factories, mines and utilities was the largest since February and followed an upwardly revised 0.2% advance a month earlier, Federal Reserve data showed Friday. The December gain exceeded all projections in a Bloomberg survey of economists.