Posted December 14, 2016

Industrial production declined in November

Industrial production declined 0.4 percent in November after edging up 0.1 percent in October.

In November, manufacturing output moved down 0.1 percent, and mining posted a gain of 1.1 percent.

Manufacturing output edged down 0.1 percent in November and was just 0.1 percent above its level of a year earlier. In November, the production of durables decreased 0.3 percent, the production of nondurables rose 0.3 percent, and the production of other manufacturing (publishing and logging) fell 0.7 percent. Among the major durable goods industries, primary metals recorded the largest gain, 2.3 percent, and motor vehicles and parts registered the largest drop, also 2.3 percent. Among nondurables, petroleum and coal products recorded the biggest increase, 3.3 percent, and a decrease of 1.4 percent for plastics and rubber products was the biggest loss.

The index for mining advanced 1.1 percent in November. Most mining industries posted increases, with coal being the notable exception. The output at coal mines dropped 6.8 percent in November after having climbed nearly 60 percent between its April trough and October. Nevertheless, the index in November remained about 18 percent below its level in late 2014.

Click for details.