In November 2023, industrial production increased 0.2%, according to the U.S. Federal Reserve. Manufacturing output rose 0.3%. The increase in manufacturing output was more than accounted for by a 7.1% bounce back in motor vehicles and parts production following the resolution of strikes at several major automakers.
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The index for manufacturing excluding motor vehicles and parts decreased 0.2%. The output of utilities moved down 0.4%, and the output of mines moved up 0.3%. Total industrial production in November was 0.4% below its year-earlier level.
Capacity utilization moved up 0.1 percentage point to 78.8% in November, a rate that is 0.9 percentage point below its long-run (1972–2022) average.
