Industrial Production Rises 0.8%

Industrial production increased 0.8% in November, the Federal Reserve said Tuesday.

The upturn in production at factories, mines and utilities came after no change in October, which was first reported as a 0.1% gain.

Economists had forecast a 0.5% increase for November, Bloomberg reported.

Manufacturing output climbed 1.1%, while utility output fell 1.8%.

The amount of industrial capacity in use rose to 71.3%, from 70.6% in October.

The factory sector is one of trucking’s largest and most important customers.