Industrial production jumps in November

Industrial production bounced back in November with an overall rise in output of 7 percent. When adjusted for the number of working days, the rise falls back to 4.5 percent. Production of cars and other transport equipment rose by just over 15 percent but there was also an 8.5 percent decrease in production of pharmaceutical drugs. The value of new orders rose by 10.7 compared with the same month a year earlier. And the industrial workforce in firms with more than 50 workers rose by 2.1 percent on November 2015.

Author: Chris Johnstone