Production Rises 0.8% in Nov.; Capacity Use at 71.3%

WASHINGTON – Industrial production jumped 0.8% in November, more than economists’ forecasts, according to data released today 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% the previous month, 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.