U.S. production output rose unexpectedly

In December, U.S. production output rose unexpectedly as a drop in motor vehicle output was outstripped by increases in production of other durable goods, food and beverages, and other products.

The Federal Reserve said Friday after a downwardly revised 1.0 per cent increase in November, manufacturing production rose 0.2 per cent last month. Total industrial output dropped by 0.3 per cent in December following a downwardly revised 0.....