US industrial production rebounds in November

US industrial production rebounded in November, recovering from the effects of the massive Hurricane Sandy that struck the Northeast in late October, the central bank said on Friday. Industrial output rose 1.1 percent, following a 0.7 percent decline in October, the Federal Reserve said. "The gain in November is estimated to have largely resulted from a recovery in production for industries that had been negatively affected by Hurricane Sandy," the Fed said. Manufacturing output rose 1.1 percent, after a 1.0 percent decline in October, in a rebound from the storm and also due to a sharp 4.5 percent rise in the production of motor vehicles and parts. Utilities production climbed 1.0 percent and output at mines rose 0.8 percent. Year-over-year, industrial output was up 2.5 percent, led by production of business equipment.