Manufacturing output up
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Manufacturing News, Source : TheManufacturer.com
Published : 16 Dec 2003 19:00
According to statistics released by the Federal Reserve today, manufacturing output increased 0.9 percent in November.
The production of durable goods increased 1.4 percent in November. Gains were widespread, and increases of more than one percent were recorded in several industries, including computers and electronic products, machinery, primary metals, nonmetallic mineral products, and furniture and related products.
Excluding the production of motor vehicles and parts, which fell 0.3 percent, manufacturing output on the whole rose one percent. Among the high-technology industries, all three major sectors—computers, semiconductors, and communications equipment—posted gains for the second consecutive month.
The output of nondurable goods rose 0.4 percent, and many industries in the category recorded increases. The indexes for textiles and for apparel and leather moved up in each of the past two months but remained well below their levels of one year ago. Production increased noticeably in the paper and chemical industries.
The petroleum and coal products industry and the plastics and rubber products industry were the only two major categories of nondurables that declined in November. Output in both industries, however, remained near their highs for the year.
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