United States: U.S. industrial production posts bigger-than-expected rebound.

Section: Business News - U.S. industrial production rose by 1.3 percent in October, far more than the 0.2 percent gain expected by analysts, the Federal Reserve reported Monday.

The bigger-than-expected advance in overall industrial production, an indicator of the output of mines, factories and utilities, followed a plunge in the previous month.

The revised data showed that the industrial production in September fell by 3.7 percent, the biggest one-month drop since a 5 percent decrease in February 1946. That was worse than the 2.8 percent drop originally estimated.

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