The 2020 Mid-Year Economic Update_long

U.S. Industrial Production Down 0.4% in November

Capacity utilization decreased 0.4 percent to 75 percent.

Industrial production in the U.S. declined 0.4 percent in November after edging up 0.1 percent in October, according to the Federal Reserve.

In November, manufacturing output moved down 0.1 percent, and mining posted a gain of 1.1 percent. The index for utilities dropped 4.4 percent, as warmer-than-normal temperatures reduced the demand for heating.

At 103.9 percent of its 2012 average, total industrial production in November was 0.6 percent lower than its year-earlier level. Capacity utilization for the industrial sector decreased 0.4 percentage point in November to 75 percent, a rate that is 5 percentage points below its long-run (1972–2015) average.

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