By Greg Robb
WASHINGTON (MarketWatch) - The output of the nation's factories, mines and utilities rose 0.8% in November, the Federal Reserve said Tuesday. Manufacturing activity alone jumped 1.1% after falling 0.2% in October. The November increase was more than expected by economists surveyed by MarketWatch. Analysts had been expecting a 0.5% gain. Industrial production was revised down to no change in October from the prior estimate of a 0.1% gain. Capacity utilization - a gauge of slack in the economy -- rose to 71.3% in November from 70.6% in October.
