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Monday, July 22, 2019
HomeNewsEconomyIndustrial Production for November Doubles the Forecast

Industrial Production for November Doubles the Forecast

American Manufacturing Sector Graphic Concept. (Photo: AdobeStock)
American Manufacturing Sector Graphic Concept. (Photo: AdobeStock)
American Manufacturing Sector Graphic Concept. (Photo: AdobeStock)

Industrial production rose 0.6% in November after moving down 0.2% in October, doubling the consensus forecast.

In November, manufacturing production was unchanged, the output of mining increased 1.7%, and the index for utilities gained 3.3%.

The index for October, which was previously reported to have edged up 0.1%, was downwardly revised 0.2%.

Still, total industrial production is sitting at 109.4% of its 2012 average and was 3.9% higher in November than it was a year earlier.

Capacity utilization for the industrial sector rose 0.4% in November to 78.5%, a rate that is 1.3% below its long-run (1972–2017) average.

Written by
Staff Writing Group

PPD Business, the economy-reporting arm of People's Pundit Daily, is "making sense of current events." We are a no-holds barred, news reporting pundit of, by, and for the people.

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