Industrial Production Rose 0.2% in November

Industrial production rose 0.2% in November after a 1.2% increase in October, according to the Federal Reserve.

Manufacturing output grew 0.2% in November after surging 1.4% in October. Production of durable goods increased 0.4%, while nondurable goods production was unchanged. Capacity utilization for manufacturing increased from 76.4% to 76.5%, a rate that is 2.0 percentage points below its long-run average.

The output of mining grew 2.0% after falling 0.6% in October. The index in November was 9.4% higher than its year-earlier level.

Utilities fell 1.9% in November, following a 2.0% rise in October. The index in November was 2.3% higher than its year-earlier level.

Read the Fed release.

About Stephen Newton

Stephen Newton is an economic research associate at ABA.
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