Industrial Production Up 1.1%, Capacity Use Rises to 79.0% in November

Industrial production rose 1.1% in November, the Federal Reserve reported Monday.

The gain is the largest increase since November 2012, when production rose 1.3%. The November 2013 increase followed a revised 0.1% gain the previous month, originally reported as a 0.1% decline.

Capacity utilization increased to 79.0% from a revised 78.2% in October, originally reported as 78.1%.

Economists polled by Thomson Reuters expected a 0.5% increase in production and 78.4% capacity utilization.

Manufacturing output was up 0.6% in November following a revised 0.5% increase the previous month.

Utilities rose 3.9% in November after falling a revised 0.3% in October.

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