US Industrial Production MM* (Nov) 0.2% vs. Exp. 0.3% (Prev. -0.6%, Rev. -0.9%)

Analysis details (14:41)

In November, industrial production rose 0.2% M/M, less than the expected 0.3%, and manufacturing output rose 0.3%, less than the expected 0.4%. The increase in manufacturing output was more than accounted for by a 7.1% bounceback in motor vehicles and parts production following the resolution of strikes at several major automakers. The index for manufacturing excluding motor vehicles and parts decreased 0.2%. The output of utilities moved down 0.4%, and the output of mines moved up 0.3%. Total industrial production in November was down 0.4% Y/Y. Capacity utilization moved up 0.1 percentage point to 78.8% in November, beneath the expected 79.1%, a rate that is 0.9 percentage points below its long-run (1972–2022) average.

15 Dec 2023 - 14:15- Important- Source: Reuters