The Fed announces an increase of 0.5% compared to October. Analysts, however, expected an increase of 0.8%.
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Industrial production rose in November in the United States, for the second month in a row, experiencing slightly weaker growth than expected but which nevertheless allowed it to rise to its highest level since September 2019.
It thus increased by 0.5% compared to October, according to data released Thursday by the American Central Bank (Fed), when analysts expected an increase of 0.8%.
And it’s 5.3% above its November 2020 level.
The rebound which had been recorded in October, after two months of decline, was also revised slightly upwards, and stood at 1.7% instead of 1.6%.
In detail, manufacturing and mining productions are both up 0.7%. Manufacturing output alone is even back to its highest level since January 2019.
And auto production, which has suffered for months from the global semiconductor shortage, recorded a further increase of 2.2% from October. However, it remains 5.4% below its November 2020 level.
In contrast, the production of water and electricity utilities fell by 0.8%.
The industrial capacity utilization rate rose 0.3 points to 76.8%, still 2.8 points lower than the average calculated between 1972 and 2020.
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