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