After the decline in industrial production due to Hurricane Sandy, November’s numbers were better than analyst predictions:
Manufacturing was particularly affected, with production dropping 1% in October from the previous month. It bounced back to post a 1.1% gain in November.
“Nearly all the decline in factory output in October is estimated to have been related to Hurricane Sandy, and the increase in November reflects a post-hurricane rebound in production as well as the solid advance in the output of motor vehicles and parts,” the Fed said.
These numbers also include the first rise in automotive products index in months:
The Fed’s index for automotive products increased 3.4% in November from the previous month, the first rise in five months.
Even in this time of uncertainty, it looks like 2012 will be ending on a strong note.