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In the United States, Industrial Production experienced a modest increase of 0.1% per month during October and November, matching the growth rate of September. This rate signifies a deceleration compared to the average pace observed over the previous year. In November, manufacturing output remained unchanged following a 0.4% decline in October. Notably, there were fluctuations in the outputs of both the mining and utilities sectors across October and November, ultimately resulting in net gains for both. Capacity utilization stood at 76.0% in November, a figure that is 3.5 percentage points below the long-term average spanning from 1972 to 2024.
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