US industrial production up 0.2% in November - Breaking The News

US industrial production up 0.2% in November

15 December

1 min read

UNSPLASH /

Industrial production in the United States rose by 0.2% in November in comparison to the previous month, the Federal Reserve's Board of Governors stated in its report published on Friday. Meanwhile, on a yearly level, the industrial output declined 0.4%.

Manufacturing output rose 0.3% compared to the month before and dropped 0.8% on an annual basis. Utilities decreased by 0.4% compared to the month prior and fell 1% year on year. On the other hand, mining rose by 0.3% month-over-month and advanced by 2.3% from the same period the year before.

Capacity utilization for the total industrial sector stood at 78.8%, up by 0.1 percentage point in November, which is 0.9 percentage points below its long-run average. Compared to the same period the year before, the figure increased by 1.5 percentage points.

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