NEW YORK - Industrial production decreased 0.2% in November after an unrevised 0.7% jump in October, while capacity use slid to 77.8% from a revised 78.0% in October, the Federal Reserve reported Thursday.
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The October capacity utilization rate was originally reported at 77.8%.
Economists polled by Thomson Reuters expected production to fall 0.5% and 77.3% capacity use.
Production at mines climbed 0.1% in November, while the output of utilities edged up 0.2%. Mines ran at 92.9% of capacity, unchanged from October.
Production at utilities grew 0.2% in November, after a 0.3% decline in October. Utilities ran at 78.2% of capacity, up slightly from 78.1% in October.
