US Industrial Output Falls by 0.6%

The US industrial production fell by .6 percent in November, which is less that analysts had expected. It was anticipated to fall by .8 percent. Compared to November 2007, industrial production is down 5.5 percent.

Output was up 1.5 percent in October, which is higher than the estimated 1.3 percent. Output at US mines, which includes oil drilling, was up 2.5 percent.

These not so horrible numbers could possibly have been padded due to the increase in oil production following hurricane Ike and the end to strikes at Boeing.