Vladimír Urbánek (Kurzy.cz)
Macroeconomics  |  December 15, 2010 15:42:15

U.S. - In November, industrial production grew more than expected


U.S. industrial production in November grew by 0.4% mom, compared to the October increase of 0.2%. The market, on average, allowed for growth of 0.3% in the range of estimates from +0.1% to +0.8%.

The manufacturing sector grew in November by 0.3% mainly due to the production of business equipment, which grew by 0.9%, manufacture of furniture and equipment grew by 1.4% and home electronics by 0.9%.

The capacity utilization rate in November rose to 75.2%, the highest since October 2008. Long-term average for the last 20 years stands at 80%.

Production of municipal services sector grew by 1.9%, mining and manufacturing production sector decreased by 0.1%. Motor vehicle production fell by 6%.
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