News Summary: Factory output rebounds in November

Published on NewsOK Modified: December 14, 2012 at 3:56 pm •  Published: December 14, 2012
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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.