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.