October Sees Strong Rebound in Industrial Output
A better than expected rebound for U.S. factory output led industrial output higher in October.

A better than expected rebound for U.S. factory output led industrial output higher in October.
Although manufacturing grew, overall industrial output slumped on lower utilities output thanks to nicer weather.
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Tax cuts have lowered utility rates this year, leading Americans to spend less on gas, water, and electricity. With incomes rising, this has helped push up the saving rate.