Industrial Production Fell 0.4% in November, After October Rise

Washington, DC, December 14, 2016—Industrial production declined 0.4% in November after edging up 0.1% in October, according to the Federal Reserve.

In November, manufacturing output moved down 0.1%, and mining posted a gain of 1.1%. The index for utilities dropped 4.4%, as warmer-than-normal temperatures reduced the demand for heating.

At 103.9 percent of its 2012 average, total industrial production in November was 0.6% lower than its year-earlier level.

Capacity utilization for the industrial sector decreased 0.4 percentage point in November to 75.0%, a rate that is 5.0 percentage points below its long-run (1972–2015) average.