USA-Industrial production progresses less than expected in November – 12/16/2021 at 3:36 pm

Dec. 15 (Reuters) – Industrial production in the United States rose less sharply than expected, official statistics show on Thursday.

The Federal Reserve reported a 0.5% rise in industrial production last month after rising 1.7% (revised) in October.

Economists polled by Reuters on average expected an increase of 0.7%.

Manufacturing output increased 0.7% in November after advancing 1.4% in October (revised figure).

(Valentine Baldassari report, edited by Sophie Louet)

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