Industrial Production Falls in November

U.S. industrial production fell 0.6% in November, the Federal Reserve said Monday.

The decline in production at factories, mines and utilities followed a revised 1.3% increase in October that was bigger than first reported.

Manufacturing, which accounts for about four-fifths of industrial production, fell by 1.4%.

Economists had forecast production would fall 0.8% Bloomberg reported.

The share of industrial capacity in use rose to 75.4%, from 76% in September.

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