Industrial Production Fell in November

Washington, DC, December 16, 2015—Industrial production declined 0.6% in November after decreasing 0.4% in October, according to the Federal Reserve.

In November, manufacturing production was unchanged from October.

The index for utilities dropped 4.3%, as unusually warm weather held down the demand for heating.

The index for mining fell 1.1 % in November, with much of this decrease attributable to sizable declines for coal mining and for oil and gas well drilling and servicing.

At 106.5% of its 2012 average, total industrial production in November was 1.2% below its year-earlier level.

Capacity utilization for the industrial sector declined 0.5 percentage point in November to 77.0%, a rate that is 3.1 percentage points below its long-run (1972–2014) average.