Industrial Production Increases in November

Washington, DC, Dec. 15, 2010 -- U.S. industrial production increased more than expected in November, the Federal Reserve said.

The report also showed bigger than expected increase in the rate of capacity utilization.

Industrial production rose by 0.4% in November following a revised 0.2% decrease in October. Economists had expected production to increase in by 0.3% after production.

Additionally, the Fed said capacity utilization rose to 75.2% in November from a revised 74.9% in the previous month.