Industrial output jumps 1.1% to all-time high

Industrial output jumps 1.1% to all-time high

Industrial production in November saw the biggest one-month percentage gain in a year to reach a record high, though the monthly advance was led by utilities output after an unusually cold month. The Federal Reserve said Monday that industrial production climbed 1.1% in November, the biggest percentage rise since Nov. 2012, as utilities output jumped 3.9%. Also, October production was revised up to a 0.1% gain from a previously reported 0.1% drop. Economists polled by MarketWatch had expected a 0.6% gain for November. The level of 101.3 for industrial production is on an index that was 100 in 2007. Capacity utilization rose to 79% from an upwardly revised 78.2% in October