factory output: WASHINGTON - U.S. industrial output rose at its fastest clip in 3-1/2 years in the fourth quarter as factory activity closed out the year on a strong note, a sign of the economy's brightening prospects, according to Reuters. That helped push overall output at the nation's factories, mines and utilities up 0.3 percent last month. Economists polled by had expected factory output to rise 0.3 percent, while the gain in overall industrial production matched forecasts and By Lucia Mutikani Manufacturing production rose a stronger-than-expected 0.4 percent in December after an out-sized 1.0 percent increase the prior month, a Federal Reserve report on Friday showed.
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