WASHINGTON - Industrial production increased 0.4% in November, the largest increase since July, the Federal Reserve reported Wednesday.
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Capacity utilization increased to 75.2%, the highest level since October 2008, from 74.9% in October.
Economists expected industrial production to increase 0.3% and for capacity utilization to be 75.0%.
Industrial production in October declined 0.2%, revised lower from a flat reading reported last month. October capacity utilization was revised higher from 74.7%.
Utility production rebounded in November, increasing 1.9% following a 3.7% slump in October on lower electricity usage.
Manufacturing production increased 0.3% in November, the same reading as October.
