US manufacturing output beats November forecasts on strong auto production - Business Insider

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US manufacturing output beats November estimates as car factories continue to shine through the pandemic

Manufacturing output climbed 0.8% last month, according to Federal ReserveMotor vehicle and part production leaped 5.3% in November, marking the first monthly gain since July. The industry counted for roughly half of overall output growth last month, according to the Fed.

Motor vehicle and part production leaped 5.3% through November, marking its first month of growth since July. Auto manufacturing and sales fueled strong economic growth through the summer before slowing modestly into the fall. The industry counted for roughly half of overall output growth in November.

"The recovery in overall industrial production and manufacturing output specifically have been partial, even though there has been strong growth reported in recent months," Daniel Silver, an economist at JPMorgan, said.

 

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I hope this month and next year manufacturing comeback stronger !!!

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