STATE OF BUSINESS: Production Jump

The rise in U.S. production, steadily picking up speed, in November made its greatest jump of the last five months. Industrial production, reported the Federal Reserve Board last week, rose three points to 141% of the 1947-49 average, was within four points of its pre-recession peak of August 1957, and two points above a year ago. The rise was largely due to a jump in auto production, which, despite a strike at Chrysler (see below), last week reached 142,609 cars.

ΒΆ Retail sales reached a record $17.3 billion in November, and department stores across the nation reported sales up...

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