Industrial production rose +0.2% MoM in November after a -0.1% MoM decline in October, while output was +2.5% YoY, pointing to modest late-year gains amid uneven sector performance.

• Total IP averaged +0.1% MoM across October and November, matching September’s pace but running slower than the average increase over the past 12 months.

• Manufacturing output was flat MoM in November after a -0.4% MoM drop in October; manufacturing production was still +1.9% YoY, indicating mild annual growth despite recent softness.

• Consumer goods output increased +0.3% MoM in November, with nondurable goods rising while consumer durables continued to decline, led by ongoing weakness in automotive products.

• Business equipment output rebounded +0.3% MoM in November after a -0.3% decline in October, with information processing equipment rising in both months.

• Mining output fell -0.8% MoM in October but rose +1.7% MoM in November, leaving the sector higher on net over the two-month period.

• Utilities output increased +2.6% MoM in October before slipping -0.4% MoM in November, producing a small net gain but continued volatility.

• Capacity utilization edged up to 76.0% in November, remaining 3.5 ppts below its long-run average; manufacturing utilization held at 75.4%, while mining stayed above its historical norm and utilities remained well below theirs.