Manufacturing was up last month but Boeing’s decision to suspend 737 MAX production could cut the industry’s rebound short. WSJWhatsNow
The good news is that manufacturing picked up last month. The bad news is that is it is probably due for yet another round of weakness.
The Federal Reserve on Tuesday reported that industrial production—the combined output of the nation’s manufacturers, mines and utilities—increased 1.1% in November from a month earlier, registering its first rise since August. The details of the report showed that manufacturing output rose 1.1% as well, which counts as welcome news.
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