A rebound in mining output supported a bounce in U.S. industrial production in November, but manufacturing remains depressed. Industrial production rose 0.2%, slightly better than expected, following no net change in the previous two months. But the entire advance was in the volatile mining sector, which snapped back 1.7% after two monthly declines. Critically, manufacturing was flat after a meaningful decline in October, and the sector has posted no growth since July. A third straight monthly reversal in motor vehicles and parts (-5.6% y/y) was tempered by continued brisk production of computers and electronic ... (full story)