Industrial Production Off 0.4%, Capacity Use at 75.0% in Nov.

Industrial production was down 0.4% in November, the Federal Reserve reported Wednesday.

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The decline followed a revised 0.1% rise in October, first reported as a flat reading.

Capacity utilization dipped to 75.0% in November from a revised 75.4%, first reported as 75.3%, the previous month.

Economists polled by Thomson Reuters projected a 0.1% slip in industrial production and a 75.1% capacity utilization rate.

Manufacturing output was up 0.1% in November, following a 0.1% dip in October.

Utilities' output fell 1.9% after decreasing 4.4% in October, while mining was down 4.6% after a 1.1% gain the month before.


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