Industrial Production Declined in November

Industrial production fell 0.4% in November after rising 0.1% in October. Over the last year, industrial production is down by 0.6%.


Manufacturing output declined 0.1% in November after also climbing 0.3% in October. Production of durable goods decreased by 0.3%, while nondurable goods production rose 0.3%. Capacity utilization for manufacturing decreased by 0.1 percentage point to 74.8%, a rate that is 3.7 percentage points below its long-run average.

The mining index moved up 1.1% in November. Most mining industries posted increases, with coal being the notable exception.

The utilities index fell 4.4% in November, as the demand for heating was again reduced by warmer-than-normal temperatures.

Read the Fed release.