US industrial production fell 0.4 percent in November

AP News
Posted: Dec 14, 2016 9:15 AM

WASHINGTON (AP) — U.S. industrial production dropped sharply in November as power plants reduced output because of unusually warm weather.

The Federal Reserve says output at America's factories, mines and utilities fell 0.4 percent last month. It was the biggest decline since March.

Utility output plunged 4.4 percent, following a 2.8 percent downturn in October. A warm fall meant Americans used less heat.

Factory output slipped 0.1 percent as auto production contracted.

Mining production rose 1.1 percent despite a steep drop in output at coal mines. Still, mining output is down 4.6 percent since November 2015 as energy companies slashed production in the face of low oil prices.

Industrial production has now dropped three of the last four months and has fallen 0.6 percent in the past year.