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News Summary: Factory output rebounds in November
Friday - 12/14/2012, 4:40pm EST
(AP) - FACTORY OUTPUT: Production at U.S. factories rebounded 1.1 percent in November following a 0.7 percent drop in October. There were strong gains in the production of cars, equipment and appliances.
STORM IMPACT: The big swing in production primarily reflected the impact of Superstorm Sandy, which depressed output temporarily in October.
WEAK TRENDS: Analysts said that discounting the impact of the storm, the broader trend in manufacturing remains weak, reflecting the global slowdown and uncertainty among U.S. businesses over the outcome of federal budget talks.
(Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)