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Industrial production increased 0.4 percent in November after a decline of 0.2 percent in October. The rate of change for industrial production was revised down in October but up in September; the net effect of the revisions from June to October left the level of industrial production in October about the same as was previously reported. Output advanced 0.3 percent in the manufacturing sector, with gains in both durables and nondurables. The gains among durable goods industries were particularly broad-based; only the production of motor vehicles and parts decreased substantially. Excluding motor vehicles and parts, overall factory output advanced 0.7 percent. At 93.9 percent of its 2007 average, total industrial production in November was 5.4 percent above its level a year earlier. Industrial production among forest products manufacturers increased by 1.5 percent or more in November.
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November’s all-industry capacity utilization rate rose to 75.2 percent (a 0.4 percent gain from October), a rate 5.4 percentage points below its average from 1972 to 2009. Forest products manufacturing capacity utilization rose for both sectors: 2.2 percent for Wood Products and 1.7 percent for Paper.
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Capacity at the all-industries level was essentially flat for a third month in November, but fell in both the Wood Products and Paper sectors.
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