(Reuters) – Industrial production recorded its largest increase in a year in November as mining and utilities output rebounded strongly, in the latest suggestion the economy is gaining steam as the year winds down.
Industrial output increased 1.1 percent last month as auto production swung into higher gear, the Federal Reserve said on Monday. It was the largest rise since November last year.
Production at the nation’s mines, factories and power plants had edged up 0.1 percent in October.
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