U.S. Industrial Output Up 0.4%

Output at the nation’s factories, mines and utilities climbed a healthy 0.4% in November, indicating that industrial America felt no immediate adverse effects in the first month after the stock market collapse, the government said today.

The Federal Reserve Board said the November increase in industrial output followed an even stronger 0.9% jump in October, which had been the biggest increase since July. Industrial production had fallen 0.3% in September.