- Manufacturing, which makes up more than 75 percent of total industrial production, accounts for about 12 percent of the U.S. economy. It increased 2.4 percent in December from the same month a year earlier.
- Factory output climbed 1.3 percent in 2017, the strongest annual reading in five years
- Expect lowest business inventory-to-sales ratio in three years could translate into increased production in coming months.
( Bloomberg by Katia Dmitrieva) U.S. factory production rose for a fourth straight month in December, capping the strongest quarter since 2010 and underscoring a resurgence in manufacturing that’s primed for further advances, Federal Reserve data showed Wednesday.
Factory output increased at a 7 percent annualized rate in the fourth quarter, the strongest since the second quarter of 2010. Combined with national and regional surveys of purchasing managers, the figures indicate manufacturing was robust at the end of the year.
Stronger consumer spending, increased business…
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