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Macro Pulse highlights recent activity and events expected to affect the U.S. economy over the next 24 months. While the review is of the entire U.S. economy its particular focus is on developments affecting the Forest Products industry. Everyone with a stake in any level of the sector can benefit from
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Wednesday, December 21, 2011

November 2011 Industrial Production, Capacity Utilization and Capacity

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Industrial production decreased 0.2 percent in November after having advanced 0.7 percent in October. Factory output moved down 0.4 percent in November; excluding a drop of 3.4 percent in the output of motor vehicles and parts, manufacturing production declined 0.2 percent. Mining production edged up 0.1 percent, while the output of utilities rose 0.2 percent. At 94.8 percent of its 2007 average, total industrial production for November was 3.7 percent above its year-earlier level. Wood Products output decreased by 0.4 percent but Paper output rose by 1.1 percent.
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Capacity utilization for total industry decreased by 0.3 percent (to 77.8 percent) in November, a rate 2.6 percent above its level from a year earlier and 2.6 percentage points below its long-run (1972--2010) average. Wood Products and Paper capacity utilization was split: respectively, -0.5 and 1.2 percent.
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Capacity at the all-industries and manufacturing levels crept higher (0.1 percent); Wood Products dropped by 0.2 percent while Paper declined by 0.1 percent.

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