Industrial production jumped 0.8% in November, more than economists' forecasts, according to data released yesterday by the Federal Reserve.

The 0.8% rise followed no change in production in October, revised from an initially reported 0.1% uptick.

Meanwhile, capacity utilization rose to 71.3% in November from a revised 70.6% in October, originally reported as 70.7%.

Economists expected industrial production to be up 0.5% in November, and for capacity utilization to rise to 71.1%, according to the median estimate from Thomson Reuters.

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