Market Updates
Industrial Production and Capacity Utilization Fell In November
Brian Turner
15 Dec, 2022
New York City
Industrial production in November declined 0.2% in November from the previous month following a 0.1% decrease in October, the Federal Reserve said Thursday.
Manufacturing production declined 0.6%, mining output fell 0.7% and utility generation increased 3.6% after falling for three months in a row.
Total industrial production increased 2.5% from a year ago.
Capacity utilization eased 0.2 percentage point in November to 79.7%, a rate that is 0.1 percentage point above its 50-year long term average.
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