Industrial Production Increases By 0.8% In November

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With motor vehicle production rebounding, the Federal Reserve released a report on Tuesday showing that industrial production increased by more than expected in the month of November. The report also showed an increase in the capacity utilization rate.

The Federal Reserve said that industrial production increased by 0.8 percent in November after revised data showed that production was unchanged in October. Economists had been expecting production to increase by 0.5 percent compared to the 0.1 percent increase originally reported for the previous month.

Additionally, the report showed that the capacity utilization rate rose to 71.3 percent in November from a revised 70.6 percent in the previous month. With the increase, the capacity utilization rate came in slightly above economist estimates of 71.1 percent.

With motor vehicle production rebounding, the Federal Reserve released a report on Tuesday showing that industrial production increased by more than expected in the month of November. The report also showed an increase in the capacity utilization rate. (Market News Provided by RTTNews)