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Industrial output sees biggest gain since July (Reuters)

We have all read latest news written by talented authors. This showdown Industrial output sees biggest gain since July
(Reuters)
was a long time a coming. But Industrial output sees biggest gain since July
(Reuters) doesn’t stop here. The writer shows two wonderful talents. Read the the rest sections to see what I mean. By: US Economy

WASHINGTON (Reuters) – Industrial output rose 0.4 percent in November, its biggest gain since July and the latest sign of a firmer end to the year for the world’s largest economy, a report showed on Wednesday.

The increase was above a median forecast of 0.3 percent in a Reuters poll, and followed a downward revision of October’s reading from flat to a drop of 0.2 percent.

Output rose 5.4 percent compared to one year earlier, according to the Federal Reserve data. A spike in utilities partly offset a sharp 6.0 percent decline in the production of motor vehicles and parts.

Capacity use, a measure of how fully firms are using their resources, rose to 75.2 in November from a revised 74.9 in October, but remained substantially below its long term average.

Officials at the U.S. central bank tend to look at utilization measures as a signal of how much “slack” remains in the economy — how much room growth has to run before it becomes inflationary.

(Reporting by Pedro Nicolaci da Costa, Editing by Chizu Nomiyama)

This news, Industrial output sees biggest gain since July
(Reuters)
citation from US Economy

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