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US industrial output expands more than expected in November

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US industrial output expands more than expected in November

U.S. industrial production expanded more than expected in November, reflecting output gains in mining and utilities, according to the Federal Reserve.

Seasonally adjusted industrial production rose 0.6% month over month in November from a downwardly revised 0.2% decrease in October. The Econoday consensus estimate was for a 0.3% gain.

Mining output climbed 1.7%, and the index for utilities rose 3.3%; manufacturing output was unchanged during the month.

Year over year, industrial production improved by 3.9% in November.

Industrial capacity utilization edged 0.4% higher to 78.5% from the revised 78.1% in October.