WASHINGTON—Production at U.S. factories increased to its highest level in nearly three years in November as output rose across the board, providing a powerful boost to economy as the year ends.
The manufacturing output index climbed 0.7 percent last month to 100.6, the highest level since January 2019, the Federal Reserve said on Thursday. That followed a 1.4 percent rebound in October. Economists polled by Reuters had forecast factory production rising 0.7 percent. Output increased 4.6 percent compared to November 2020.
