Tuesday, 02 January 2024 12:17 GMT

U.S. Industrial Output Climbs 0.2 Percent in November


(MENAFN) American industrial production advanced 0.2% month-over-month in November, reversing prior losses, Federal Reserve figures published Tuesday showed.

The gain followed a 0.1% contraction in October, data that arrived late due to the federal government shutdown disrupting normal release schedules.

Manufacturing output held flat in November after tumbling 0.4% the previous month, indicating stabilization in the sector.

"There were swings in both mining and utilities output over October and November, though, on net, both sectors posted gains," the Fed said in a statement.

Capacity utilization—a key indicator measuring overall economic growth and demand—edged upward to 76%, surpassing market forecasts and suggesting increased productive activity across industries.

Year-over-year comparisons revealed stronger momentum, with industrial output climbing 2.5% in November compared to the same period in 2024.

The data reflects volatility in energy-related sectors while pointing to underlying resilience in US industrial capacity despite recent economic headwinds and policy uncertainties that delayed official reporting.

MENAFN27122025000045017169ID1110528997



MENAFN

Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.

Search