US: Industrial production moved up 0.2 percent in November

Eren Sengezer FXStreet

"Industrial production moved up 0.2 percent in November after posting an upwardly revised increase of 1.2 percent in October," the Board of Governors of the Federal Reserve reported on Friday.

Key highlights

Manufacturing production also rose 0.2 percent in November, its third consecutive monthly gain.

Excluding the post-hurricane rebound in oil and gas extraction, total industrial production would have been unchanged in November.

Total industrial production was 106.4 percent of its 2012 average in November and was 3.4 percent above its year-earlier level.

Capacity utilization for the industrial sector was 77.1 percent in November, a rate that is 2.8 percentage points below its long-run (1972–2016) average.

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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