U.S. Industrial Production Fell in November

Dec 17, 2015

Industrial production declined 0.6 percent in November, after a 0.4 percent decline in October. Total industrial production is now 1.2 percent below the year ago level.

Manufacturing output was unchanged in November, as a 0.5 percent increase in the output of nondurable goods was offset by a 0.2 percent decline in durable goods production.

Mining output fell 1.1 percent, after a 2.4 percent drop in October. Much of the decrease was due to declines in coal mining and oil and gas well drilling and servicing. Mining output is now 8.2 percent below year ago levels.

Capacity utilization was 77.0 percent, down 50 basis points from October, and 3.1 points below its long-run average.

Read the Federal Reserve release

Source: ABA Banking Journal