Output down in November at US plants

Output down in November at US plants

Posted: Tuesday, December 20, 2011 8:13 am

WASHINGTON (AP) — U.S. manufacturing output fell in November for the first time in seven months.
The decline was largely because factories made fewer vehicles. But production of home electronics, appliances and business equipment also dropped.
Economists took the industrial production report from the Federal Reserve with a little caution. While most agreed it was not good news, many noted that the 0.2 percent decline in output at the nation’s factories, mines and utilities followed steady gains over the previous six months.

Leave a Comment