Industrial production grew 0.2% in November, the Federal Reserve reported Friday.

The increase followed a revised 1.2% rise in October, first reported as a 0.9% gain.

If the hurricane-related rise in oil and gas extraction were removed, the Fed noted, production would have been flat in the month.

Capacity utilization grew to 77.1% in November from October’s unrevised 77.0.

Economists polled by IFR Markets projected a 0.3% increase for industrial production and a 77.2% capacity utilization rate.

Manufacturing output rose 0.2% in November, following a 1.4% gain in October.

Utilities’ output was down 1.9% after increasing 2.0% in October, while mining was 2.0% higher after a 0.6% slip the month before.

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Gary Siegel

Gary Siegel

Gary Siegel has been at The Bond Buyer since 1989, currently covering economic indicators and the Federal Reserve system.