Industrial Production Bounces Back In November

The Federal Reserve reports that industrial production increased 1.1% in November bringing the index to read 97.5. This is a significant improvement to October’s 0.7% decline that saw the index fall to 96.5.

The gain in November is estimated to have largely resulted from a recovery in production for industries that had been negatively affected by Hurricane Sandy, which hit the Northeast region in late October.

Industrial production is up 2.5% year over year.

Industrial Production 650x433 Industrial Production Bounces Back In November

Industrial Production Table 650x293 Industrial Production Bounces Back In November

Change In Industrial Production 650x433 Industrial Production Bounces Back In November

Capacity utilization increased to 78.4% in November, 1.9% below it’s long-run (1972-2011) average.

Capacity Utilization Rate 650x422 Industrial Production Bounces Back In November

Capacity Utilization Table 650x274 Industrial Production Bounces Back In November

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