Factory Output Soared In December, Lifting EconomyJanuary 18th, 2012 2:41 pm Associated Press
WASHINGTON (AP) — U.S. factory output surged in December by the most in year. Stronger demand for business equipment, vehicles and energy offered the most visible evidence that manufacturing has roared back from the depths of the recession.
The Federal Reserve said Wednesday that manufacturing increased 0.9 percent in December, the biggest gain since December 2010. And the overall output of the nation’s factories, mines and utilities grew 0.4 percent in December. Warm weather dampened demand for energy produced by utilities.