Industrial production—measuring everything made by factories, mines and utilities—declined 0.4% in November, according to the Federal Reserve. Economists surveyed by The Wall Street Journal had expected a 0.2% drop.
Manufacturing output, the biggest component of industrial production, slipped 0.1% in November after rising in September and October. A drop in production of long-lasting durable goods, particularly motor vehicles and parts, drove the overall decline.
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