**MNI: 5 Things We Learned From Nov Industrial Production Data>

By Holly Stokes and Sara Haire

     WASHINGTON (MNI) - The following are the key points from the 

Industrial Production and Capacity Utilization data for November 

released by the Federal Reserve Friday: 

     - Industrial production was up 0.2%, vs +0.3% expected, from a 

revised up +1.2% in Oct, this follows the last two November trends of 

overestimates. The Fed noted that excluding the post-hurricane rebound 

in oil and gas extraction, total IP would have been unchanged in Nov.

     - Mining was up 2.0%, and the Fed noted that the primary 

contributor to this jump was the 3.0% gain in oil and gas extraction. 

     - Utilities fell 1.9%, the fall should not surprise given the 

milder than normal November weather, and that this follows October's 

hurricane rebound. 

     - Manufacturing came in at a soft +0.2%, despite analyst 

expectations for a healthy boost given the November payrolls report, 

which showed factory payrolls rising by 31k and unchanged factory 

workweek. 

     - Capacity utilization rose to 77.1%, just below the 77.2% 

expected. Manufacturing capacity utilization rose to 76.4%, the highest 

reading since May 2008. 

     ** MNI Washington Bureau: 202-371-2121 ** 

[TOPICS: MAUDS$,M$U$$$,MAUDR$]