US Industrial Production Snaps Back, Rises 1.1% in November

U.S. industrial production snapped back last month posting the biggest gain in more than two years, boosted by the end of a strike at General Motors.

The Federal Reserve said Tuesday that industrial production -- which includes output at factories, mines and utilities -- rose 1.1% in November, reversing a 0.9% drop in October and recording the biggest jump since October 2017.

Manufacturing output climbed 1.1%, carried higher by a 12.4% surge in production of cars, trucks and auto parts.

The GM strike ended in late October.

Excluding the auto industry, industrial output rose 0.5% last month and manufacturing output rose 0.3%.

The increases were bigger than economists had expected.