Industrial Production Rose 0.6 percent in November

Industrial production increased 0.6 percent in November after falling 0.2 percent in October, according to the Federal Reserve. Capacity utilization was 78.5 percent in November, a rate that is 1.3 points below its long-run average.

Manufacturing output was unchanged after declining 0.1 percent last month. Production of durable goods increased 0.2 percent, while nondurable goods production decreased 0.2 percent. Capacity utilization for manufacturing fell 0.1 percentage point to 75.7 percent, a rate that is 2.5 percentage points below its long-run average.

The output of mining rose 1.7 percent after decreasing 0.7 percent in October. The index in November was 13.2 percent higher than its year-earlier level.

Utilities increased 3.3 percent in November, after rising 0.2 percent in October. The index in November was 4.3 percent higher than its year-earlier level.

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