November Industrial Production Rebounds as Mining Output Advances

BY MT Newswires | ECONOMIC | 02:52 PM EST

02:52 PM EST, 12/23/2025 (MT Newswires) -- US industrial production rebounded more than expected in November, driven by mining, while manufacturing output held steady month over month, delayed data from the Federal Reserve showed Tuesday.

Industrial output rose 0.2% last month. The consensus was for an increase of 0.1% in a survey compiled by Bloomberg.

The latest report included estimates for October that showed a 0.1% drop.

October's report was originally scheduled for release on Nov. 18, while November's data were due on Dec. 16.

Mining output rose 1.7% in November following a 0.8% decline the month prior, while utilities output contracted by 0.4% after a 2.6% increase.

Manufacturing output was flat after a 0.4% dip in October. The durable manufacturing index ticked down 0.1% amid a decline in the motor vehicles and parts component.

"Despite the economy's resilience (which owes in large part to the AI boom), manufacturing, alongside the housing and labor markets, remain soft patches," BMO Capital Markets Senior Economist Sal Guatieri said in a report Tuesday. "If the sector can adjust to a stabilization in trade policies, an improvement is likely in the new year."

The nondurable manufacturing index rose 0.1% in November, following a 0.2% drop the previous month. Apparel and leather saw a 2.3% gain, while printing and support output fell 1.6%, the Fed data showed.

Separate data released on Tuesday showed demand for US durable goods declined more than expected in October amid double-digit drops in the civilian and defense aircraft segments.

Last week, data from S&P Global's (SPGI) flash purchasing managers' index showed that private-sector output growth hit a six-month low in December as strength in the services and manufacturing sectors weakened.

Earlier this month, Institute for Supply Management data showed the US manufacturing sector continued to contract in November, while an S&P Global (SPGI) report indicated slight deceleration in growth.

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