WASHINGTON — U.S. factories rebounded in November from Superstorm Sandy, boosting production of cars, equipment and appliances. But after factoring out the impact from the storm, the broader trend in manufacturing remained weak. The Federal Reserve said Friday that factory output increased 1.1 percent in November from October. That offset a 1 percent decline in the previous, which was blamed on the storm. Auto production jumped 4.5 percent last month, the first increase since July. Production of primary metals, wood products, electrical equipment and appliances all showed gains.
By Mark J. Perry: The chart above shows annual real manufacturing output per worker from 1947-2011 using data released today by the BEA for manufacturing output by industry, and data from the BLS on manufacturing employment. In 1950, the average U.S.
The global economy led by Europe and China continues its downward path. Will the US follow?
First let's take a look at China. Markit reports China Manufacturing PMI Declines 8th Consecutive Month.