U.S. Manufacturing Output Rose in December for Fourth Month
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U.S. factory production rose for a fourth straight month in December, capping the strongest quarter since 2010 and underscoring a resurgence in manufacturing that’s primed for further advances, Federal Reserve data showed Wednesday.
The smaller-than-expected December gain in manufacturing output reflected a 0.1 percent drop in production of nondurable goods, including petroleum and chemicals. Output of durable goods rose a solid 0.3 percent.