USA: -0.1% industrial production in November

(CercleFinance.com) - Following a 0.
4% decline between September and October (a revised figure compared with the Indian estimate of -0.3%), US industrial production posted a 0.1% decline between October and November.

In detail, the Fed, which publishes these figures, reports that in November, manufacturing output rose by 0.2% sequentially (i.e. compared with the previous month), supported by a 3.5% rise in the motor vehicles and parts index.

For their part, the mining and utilities indices fell by 0.9% and 1.3% respectively.

Also according to the Federal Reserve, the capacity utilization rate in US industry deteriorated by 0.3 points to 76.8% in November, a level 2.9 percentage points below its long-term average (1972-2023).

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