WASHINGTON — Industrial production rose 1.3% in November, the Federal Reserve reported Monday.
The production increase followed a revised 0.1% increase in October, originally reported as a 0.1 decline.
Capacity utilization rose in November to 80.1% from a revised 79.3% the previous month, first reported as 78.9%.
Economists polled by Thompson Reuters projected a 0.7% increase in industrial production and a 79.3% capacity utilization rate.
Manufacturing output was up 1.1% in November following a 0.4% increase the previous month.
Utility output rose 5.1% in November after falling 0.7% in October.
