Mexican Media Brands
U.S. Factory Production Accelerates
Output by America's manufacturing sector, which expanded 0.4% in October, climbed 1.1% in November twice the gain analysts expected, according to the Federal Reserve.
#economics
Share
Output by America's manufacturing sector, which expanded 0.4% in October, climbed 1.1% in November twice the gain analysts expected, according to the Federal Reserve. It was the biggest monthly advance in nine months.
Growth was driven by a 5.1% surge in car and component output that reversed three previous months of decline. The Fed says capacity utilization by the manufacturing sector rose to nearly 84% in November compared with 80% for the industrial sector overall.
RELATED CONTENT
-
Achieving Efficiency?
A look at on-road fuel economy changes over 92 years.
-
Study: Border Tax, NAFTA Exit Would Hurt U.S.
The U.S. auto industry would lose at least 31,000 manufacturing jobs and 450,000 units of annual sales if the U.S. imposes 35% tariffs on cars from Mexico, as President-elect Donald Trump has vowed to do.
-
Enterprise Edges into Self-Driving Car Market
U.S. rental car giant Enterprise Holdings Inc. is the latest company to venture into the world of self-driving vehicles.