Industrial Production Rises Slightly in November

Industrial production rose 0.4% in November. The index fell 16.5% from February to April, but output in November was still 5.0% lower than its pre-pandemic February level. Manufacturing output increased 0.8% in November.

Durables manufacturing rose 1.5% and nondurable manufacturing increased 0.1% from the previous month.

Mining production rose 2.3%; all of its major components posted gains of more than 1.5%. The output of utilities declined 4.3%, as warmer-than-usual temperatures reduced the demand for heating.

Read the Fed release.