U.S. factory output rises for 2nd straight month
WASHINGTON – U.S. factory production rose in December for the second straight month, buoyed by more output of autos, electronics and business equipment.
The Federal Reserve said Wednesday that factory output increased 0.8 percent last month compared with November. That followed a 1.3 percent rise in November, which partly reflected a rebound from Superstorm Sandy.
Total industrial production increased 0.3 percent in December from November. That followed a 1 percent rise in November. Production slowed last month mostly because utility output dropped 4.8 percent, reflecting unseasonably warm weather.
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