Agence France-PresseDecember 16, 2013 13:51
US industrial output surged 1.1 percent in November powered by manufacturing, where the automobile sector drove a fourth consecutive monthly gain, the Federal Reserve reported Monday.
The rebound came after a narrow contraction in October, and was also helped by a jump in utility output due to colder-than-average weather last month, the Fed said.
The manufacturing sector gained 0.6 percent in the month, and utilities, 3.9 percent.
November's gain took the year-on-year growth in US industry to 3.2 percent, with the manufacturing sector gaining 2.9 percent.