US factory output accelerated in November

first_img Show Comments ▼ NEW orders received by US factories unexpectedly rose in November, and orders excluding transportation recorded their largest gain in eight months, providing more signs that its economic recovery is on a sustainable path.The Commerce Department said on Tuesday orders for manufactured goods increased 0.7 per cent, after dropping a revised 0.7 per cent in October.Manufacturing has been the star performer during the US’ recovery from its worst recession in 60 years, and continues to expand as factories appear to be ramping up activity to meet rising demand from consumers and businesses.Analysts have forecast economic growth at an annual pace of between three per cent and 3.5 per cent in the fourth quarter, after a 2.6 per cent expansion in the third quarter.US financial markets had little reaction to the data, with stocks little changed as optimism over the economic outlook was offset by a decline in consumer stocks.Yesterday the US Institute for Supply Management said its index of national factory activity climbed to a seven-month high in December, hoisted by sturdy gains in new orders and production.The Commerce Department report showed orders excluding transportation increased 2.4 per cent in November, the highest since March, after a 0.1 per cent gain the previous month.Unfilled orders at US factories increased 0.6 per cent in November after rising 0.7 per cent the prior month. Shipments increased 0.8 per cent, rising for a third consecutive month, while inventories gained 0.8 per cent after rising 1.1 per cent in October. alison.lock whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBeAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteDefinitionDesi Arnaz Kept This Hidden Throughout The Filming of ‘I Love Lucy’Definitionthedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.comZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen Herald Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofChicken Bao: Delicious Recipes Worth CookingFamily ProofCheese Crostini: Delicious Recipes Worth CookingFamily ProofHomemade Tomato Soup: Delicious Recipes Worth CookingFamily Proofcenter_img Tuesday 4 January 2011 10:37 am Share whatsapp Tags: NULL US factory output accelerated in November last_img

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