Transport Topics Online
The Newspaper of Trucking and Freight Transportation
Welcome  Guest  Log In         
12/16/2013 10:15:00 AM Write a Letter to the Editor Write a letter to the Editor

Industrial Production Increases 1.1% in November


Daniel Acker/Bloomberg News

Industrial production rose by 1.1% in November, the most in a year, after a 0.1% increase the month before, the Federal Reserve reported Dec. 16.

The figure beat the average forecast from economists surveyed by Bloomberg News that production would rise 0.6%.

Capacity utilization, which measures industrial plant output, increased to 79% from 78.2%.

Motor vehicle and parts manufacturing increased 3.4% In November after a decrease of 1.3% in October, the Fed said.

“It’s pretty clear that consumption is accelerating in the fourth quarter,” Jim O’Sullivan, chief U.S. economist at High Frequency Economics, told Bloomberg. “Manufacturing, in general, looks pretty good.”

In a separate report, the Federal Reserve Bank of New York said manufacturing activity in that region expanded less in December than forecast, Bloomberg said.

The “Empire State Index,” generally the first economic indicator in a given month, increased to 1 from a November reading of minus 2.2, the regional Fed said. Readings greater than zero signal expansion in the index, which covers New York, northern New Jersey and southern Connecticut

By Transport Topics

Follow Transport Topics on Subscribe to get up to the minute news briefs and more from our feeds. RSS Twitter Twitter Facebook Facebook

© 2013, Transport Topics Publishing Group. All rights reserved.


  RELATED ARTICLES

 
LATEST NEWS



 
LATEST JOBS
Follow Us

Newsletters

TTExpress
This free daily newsletter delivers the latest headlines.

TT Executive Suite
This subscriber-only newsletter program tailors your news.

Services

Advertising




© American Trucking Associations, Inc., All Rights Reserved TTNews.com Privacy Statement