Sluggish growth in China and stagnation in Europe don't seem to be affecting the US economy, which posted strong industrial production in November
Sluggish growth in China and stagnation in Europe don't seem to be affecting the US economy, which posted strong industrial production in November. Industrial output climbed 1.3% for the month, in comparison to the 0.7% expected by analysts. That's also up from just 0.1% in October. The annual increase is sitting at a robust 5.2% pace. The biggest surge came from consumer goods, rising 2.5% for the month. Business equipment rose 1.2% and materials climbed 0.8%. From an industry standpoint, manufacturing climbed 1.1%, with an annual pace of 4.8% growth. Overall, it looks like industrial production is keeping pace with retail sales and new jobs in terms of better than expected news. It will be interesting to see when (if?) the global economy weighs on growth in the US. (VIEW LINK)
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