(Fed) Industrial production in the US increased by 0.5% in November to an index of 102.3% of the 2017 average, the highest since September 2019.
On a year over year basis, the US industrial production was up by 5.3% in November.
The increase in industrial production saw capacity utilization jump 0.3 percentage points to reach 76.8%. The utilization rate was 2.8% below the long-run average between 1972 to 2020.
For the major market groups, the gauge for defense and space equipment posted the largest gains at 2.5%.
The gauge for consumer goods increased by 0.7%, with gains in durable and non-energy nondurables, while consumer energy products posted declines. Non-energy production increased by 0.9%, while the output of energy goods shed 0.4%.
In the industry groups category, manufacturing output recorded 0.7% gains in November, the highest since January 2019. Manufacturing capacity utilization gained 0.5% to 77.3%, the highest since the last month of 2018.
SPY is up +0.096%, DXY is down -0.22%.
