Industrial Production Rebounds

 

Jan. 17, 2007 -- Industrial production rose by 0.4 percent in December, driven by increased output in the high-tech and auto sectors, the Federal Reserve reported on Wednesday.

The gains followed a 0.1 percent decreases in three consecutive months, which dragged down overall production over the fourth quarter by 0.5 percent, the report said.

For the year, total industrial production rose 3.0 percent, while capacity expanded by 2.4 percent, the report said.

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