Summary Box: Factory output rose strongly in Oct

AP News
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Posted: Nov 16, 2011 12:57 PM
Summary Box: Factory output rose strongly in Oct

STRONG RISE: Industrial production rose in October 0.7 percent, the most in three months, the Federal Reserve said Wednesday.

FACTORY POWER: Factory output, the biggest component of industrial production, rose 0.5 percent. Business equipment, electronics and trucks showed some of the biggest increases.

EUROPE THREAT: U.S. manufacturers remain vulnerable to the European debt crisis. A recession in Europe would likely squeeze sales for U.S. companies. Exports to Europe account for one-fourth of U.S. corporate revenue, analysts say.