The industrial production rose 0.4% in November compared to the previous month. The data was better than the 0.3% increase of the market consensus. In October there had been an increase in the pace of industrial activity of 0.9%, a figure that was revised down from 1.1%.
November was the seventh monthly rise consecutively for industrial production. Utilization capacity increased 0.3 percentage points to 73.3%.
The reading of the manufacturing Empire had previously been known. Today the two-day meeting of the Federal Reserve begins and the decision will be known on Wednesday.
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