Industrial production increases 0.5% in November
XXXXX U.S. industrial production increased 0.5% in November as output at the nation’s factories reached the highest level since January 2019
Your support helps us to tell the story
From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.
At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.
The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.
Your support makes all the difference.U.S. industrial production increased 0.5% in November as output at the nation's factories reached the highest level since January 2019.
The November gain followed an even larger 1.7% increase in October, a rebound from a 1% decline in September, the Federal Reserve reported Thursday.
There were severe supply chain problems afflicting manufacturers in September that reduced output at U.S. auto plants, on top of the adverse effects from refinery shutdowns along the Gulf Coast because of Hurricane Ida
Manufacturing output in November was up 0.7% while .production in mining, which covers oil and gas production, also rose 0.7%. However, output at the nation's utilities fell 0.8%.