US industrial production fared much better than expected last month, the Federal Reserve said Friday, rising sharply as aircraft manufacturing rebounded after the end of a strike at Boeing.
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Industrial output increased by 0.9 percent in December after rising by a revised 0.2 percent a month prior, the Fed said in a statement.
This was sharply above market expectations for a 0.3 percent rise in December, according to Briefing.com.
The return to growth of US industrial production is welcome news for manufacturers, following a slump that started in September.
The Fed noted that «the resolution of a work stoppage at a major aircraft manufacturer» helped propel gains in the output of aircraft and parts, a reference to a recent strike at US aviation giant Boeing.
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