US industrial production rises just 0.2% in November

Industrial output in the US rebounded by less than expected in November, according to figures released on Friday by the Federal Reserve.

The volume of production from industries such as factories and manufacturing rose by just 0.2%, missing the consensus estimate of 0.3%.

Manufacturing output, which comprises 78% of overall production, increased by just 0.3% over the month, under the 0.4% expected by analysts.

Meanwhile, October's data was revised lower to show a 0.9% decline in output, compared with the initial estimate of -0.6%.