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U.S. Manufacturing Output Rises 0.5%, the Most Since July

by on Nov.16, 2010, under Towing

U.S. Manufacturing Output Rises 0.5%, the Most Since July

The nation’s factories continue to show signs that they will support economic growth in the immediate quarters ahead, as manufacturing output rose 0.5% in October — the sector’s biggest gain in three months — the Federal Reserve announced Tuesday.

Overall industrial production was flat in October, but that neutral performance was heavily weighed down by a 3.4% plunge in utilities production –…

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U.S. Manufacturing Output Rises 0.5%, the Most Since July originally appeared on DailyFinance on Tue, 16 Nov 2010 11:15:00.

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