advertisement

US industrial production rose 0.2 percent in November

WASHINGTON (AP) - U.S. industrial production rose 0.2 percent in November due to a rebound in extracting oil and natural gas after a stoppage due to Hurricane Nate.

The Federal Reserve said Friday that mining activity climbed 2 percent last month, while manufacturing activity rose 0.2 percent. Production of machinery and primary metals contributed to gains in the factory sector, while the overall growth for industrial output largely came from restarting oil and natural gas drilling.

Production at utilities fell 1.9 percent.

During the past 12 months, total industrial production has increased 3.4 percent.

Along with greater mining activity, factories are showing signs of strength. Factories are using more of their capacity and hiring more workers. Manufacturers have added 189,000 jobs over the past year, according the employment report released last week.

Article Comments
Guidelines: Keep it civil and on topic; no profanity, vulgarity, slurs or personal attacks. People who harass others or joke about tragedies will be blocked. If a comment violates these standards or our terms of service, click the "flag" link in the lower-right corner of the comment box. To find our more, read our FAQ.