November Industrial Production Rose 0.6%
Washington, DC, December 14, 2018-Industrial production rose 0.6% in November after moving down 0.2% in October; the index for October was previously reported to have edged up 0.1%, according to the Federal Reserve.
In November, manufacturing production was unchanged, the output of mining increased 1.7%, and the index for utilities gained 3.3%.
At 109.4% of its 2012 average, total industrial production was 3.9% higher in November than it was a year earlier. Capacity utilization for the industrial sector rose 0.4 percentage point in November to 78.5%, a rate that is 1.3 percentage points below its long-run (1972–2017) average.