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US industrial production rises on higher mining, utilities output in Nov

by ChemOrbis Editorial Team -
  • 17/12/2018 (10:57)
According to data released by the US Federal Reserve (Fed), the country’s industrial production rose by 0.6% in November after a revised fall of 0.2% in October. The index for October was previously reported to have ticked up 0.1%.

In November, manufacturing production was unchanged as an increase of 0.2% for durable manufacturing was offset by decreases of 0.2% for nondurable manufacturing and 0.9 % for manufacturing of other items.

Compared with a year earlier, the total industrial production in the US was 3.9% higher in November.

The output of mining increased 1.7%, with gains in oil and gas extraction, coal mining, and support activities for mining. The index for utilities also gained 3.3% in November, with increases for both electric and gas utilities.

Capacity utilization for the industrial sector rose 0.4% in November to 78.5%, while capacity utilization for manufacturing edged down to 75.7%.
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