Industrial Production Up 0.2% in November - Modern Distribution Management

Log In

Industrial Production Up 0.2% in November

Manufacturing increased 0.2 percent for the month.

Industrial production rose 0.2 percent in November after posting an upwardly revised increase of 1.2 percent in October, the Federal Reserve reported. Manufacturing production also rose 0.2 percent in November, its third consecutive monthly gain. The output of utilities dropped 1.9 percent. The index for mining increased 2 percent, as oil and gas extraction returned to normal levels after being held down in October by Hurricane Nate.

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.

In November, manufacturing output rose 0.2 percent and was 2.4 percent above its year-earlier level. The increase in November reflected a gain of 0.4 percent for durables. The index for nondurable manufacturing was unchanged, and the index for other manufacturing (publishing and logging) dropped 1.4 percent. Within durable manufacturing, gains were widespread, with the largest being the advance of 1.7 percent registered by primary metals. Among nondurable manufacturing industries, increases for plastics and rubber products and for printing and support were offset by declines for all of the other major industries.

A gain of 3 percent in oil and gas extraction was the primary contributor to a jump of 2 percent for mining production in November. The index for mining is up 9.4 percent from its year-earlier level, but it is 8.2 percent below its peak in December 2014. The index for utilities dropped 1.9 percent, as a decrease for electric utilities outweighed an increase for natural gas utilities.

Capacity utilization for manufacturing edged up to 76.4 percent in November, its highest reading since May 2008. Utilization for durables increased 0.2 percentage point to 75.9 percent, and the operating rate for nondurables edged down 0.1 percentage point to 78 percent. The operating rate for mines increased 1.5 percentage points to 84.5 percent, and the rate for utilities decreased 1.4 percentage points to 75.7 percent.

Download the pdf below for full details.


Click Here

Share this article

About the Author
Recommended Reading
Leave a Reply

Leave a Comment

Sign Up for the MDM Update Newsletter

The MDM update newsletter is your best source for news and trends in the wholesale distribution industry.

Get the MDM Update Newsletter

Wholesale distribution news and trends delivered right to your inbox.

Sign-up for our free newsletter and get:

  • Up-to-date news in a quick-to-read format
  • Free access to webcasts, podcasts and live events
  • Exclusive whitepapers, research and reports
  • And more!


articles left

Want more Premium content from MDM?

Subscribe today and get:

  • New issues twice each month
  • Unlimited access to, including 10+ years of archived data
  • Current trends analysis, market data and economic updates
  • Discounts on select store products and events

Subscribe to continue reading

MDM Premium Subscribers get:

  • Unlimited access to
  • 1 year digital subscription, with new issues twice a month
  • Trends analysis, market data and quarterly economic updates
  • Deals on select store products and events



You have one free article remaining

Subscribe to MDM Premium to get unlimited access. Your subscription includes:

  • Two new issues a month
  • Access to 10+ years of archived data on
  • Quarterly economic updates, trends analysis and market data
  • Store and event discounts

To continue reading, you must be an MDM Premium subscriber.

Join other distribution executives who use MDM Premium to optimize their business. Our insights and analysis help you enter the right new markets, turbocharge your sales and marketing efforts, identify business partners that help you scale, and stay ahead of your competitors.

Register for full access

By providing your email, you agree to receive announcements from us and our partners for our newsletter, events, surveys, and partner resources per MDM Terms & Conditions. You can withdraw consent at any time.

Learn More about Custom Reports

Request a Market Prospector Demo

  • This field is for validation purposes and should be left unchanged.