.S. industrial production rose for a second straight month in November, the Federal Reserve said Thursday.
The 0.7% gain followed a 1.3% rise in October, which was the biggest jump in six years, the Fed said.
Factory output, which accounts for about 90% of industrial production, rose 0.3% following a 1.8% gain the previous month, the most in six years. The factory sector is one of trucking’s largest and most important customers.
The industrial production increase exceeded economists’ forecasts of a 0.5% gain, Bloomberg reported.
The proportion of industrial capacity in use rose to 80.2% from 78.9% in October, the Fed said.
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