Industrial Output Surges in November

Washington, DC, Dec. 14, 2012 -- Industrial output rose more than expected in November, according to the Federal Reserve.

It was the sharpest increase in nearly two years at 1.1% after a revised 0.7% fall in October.

That was the largest increase since December 2010. Analysts had expected output to gain by 0.3% last month.

Manufacturing output expanded 1.1% after dropping 1% the previous month.

                                                                                                                   
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