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US Factory Production Rose in November

Reasons for the rise in US factory production
Reasons for the rise in US factory production
US factory production rose in November, supported by a recovery in auto car production after the end of recent labor strikes, but activity was weaker in other sectors; The manufacturing sector is facing difficulty in facing the rise in borrowing and the decline in demand for goods as a result of rising prices.
According to data issued by the Federal Reserve, on December 15, manufacturing production rose by 0.3% in November.
Data for October was revised downwards, to show a decrease in factory production by 0.8% instead of the previously announced 0.7%.
Experts expected factory production to recover by 0.4%, except for cars and spare parts. Manufacturing production fell by 0.2% last month.
Manufacturing is still faltering and is unlikely to provide support for economic growth in the near term, as the manufacturing sector represents about 11.1% of the economy, but is suffering from high interest rates.
باحث اقتصادي هدفي إنشاء موسوعة عن الدول العربية توضح جوانب القوة في كل دولة، واتمني أن يأتي اليوم الذي يتحد فيه العرب لتعم الفائدة علي كل الشعوب.


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