US industrial production up 0.4% in November with auto boost

US industrial production increased 0.4 in November with manufacturing receiving a boost from a rebound in output at auto plants after three months of declinesThe Federal Reserve reported Tuesday that the November gain in industrial output followed an even stronger 0.9 increase in October.

US industrial production increased 0.4% in November with manufacturing receiving a boost from a rebound in output at auto plants after three months of declines

The Federal Reserve reported Tuesday that the November gain in industrial output followed an even stronger 0.9% increase in October. Even with the gains, industrial output is still about 5% below its level in February before the pandemic hit

Manufacturing was up 0.8% in November, its seventh consecutive monthly gain, with last month's increase boosted by a rebound in auto production. Output in the mining sector, which includes oil and gas production, rose 2.3% while utility output fell 4.3%.