Katherine/all, U.S. industrial production down in November with a couple of notable exceptions. Computer production and semiconductors. Jeff
<<From Futures World News>>
NOV. US INDUSTRIAL PROD. DN 0.3%, CAP. UTIL. 80.6%, PT 3
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The production of business equipment fell 0.6%, reversing the upwardly revised increase in October. The drop reflected widespread declines in the production of most types of business equipment. A notable exception was computer production, where continued strength pushed up the reading on the output of information processing equipment.
Declines in the production of civilian aircraft and business vehicles lowered the overall output of transit equipment, and further weakness in the production of farm machinery reduced output in the "other equipment" category.
The output of construction supplies rose 0.7% following a 1.1% increase in October. Gains continued to be widespread among most of the underlying components of the index. In contrast, the production of business supplies fell 1.0%, a drop that reflected, in part, the reduced commercial use of energy.
The production of materials fell 0.3%, following a 0.2% drop in October. The production of durable goods materials edged up 0.2%, amid continued strength in the production of semiconductors, printed circuit boards, and other electronic components was only partly offset by a sharp drop in the production of basic metals.
Production of iron and steel fell 5.0%. The output of nondurable goods materials fell again, with weakness noted in the production of chemicals, textiles and paper. Due to a drop in electricity generation, the output of energy materials declined 1.8%. End
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