Industrial Output Sees Largest Gain In Almost Two Years

Industrial output grew at a higher-than-expected rate in November and showed signs of recovery in the wake of superstorm Sandy.

Reuters reports:

Industrial production expanded 1.1 percent last month after a revised 0.7 percent fall in October, the Federal Reserve said on Friday.

That was the steepest increase since December 2010. Analysts polled by Reuters had expected output to gain by 0.3 percent last month, after October’s previously reported 0.4 percent drop.