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November 2020 Headline Industrial Production Improves But Remains In Contraction The headlines say seasonally adjusted Industrial Production (IP) improved month-over-month - but remains deep in contraction year-over-year. Our analysis shows the three-month rolling average improved. Analyst Opinion of Industrial Production The best way to view this is the 3-month rolling averages which improved. Industrial production increased 0.4 percent in November. After having fallen 16.5 percent between February and April, the level of the index has risen to about 5 percent below its pre-pandemic (February) reading. In November, manufacturing output advanced 0.8 percent for its seventh consecutive monthly gain. An increase of 5.3 percent for motor vehicles and parts contributed significantly to the gain in factory production; excluding motor vehicles and parts, manufacturing output moved up 0.4 percent. The output of utilities declined 4.3 percent, as warmer-than-usual temperatures reduced th

United statesSteven hansenIndustrial productionSeasonally adjusted year over changeIndustrial production indexComponents manufacturingAdjusted manufacturing indexAdjusted capacity utilizationYear changeManufacturing onlyFederal reserve districts manufacturingIndustrial productsDallas fedYear over changeManufacturing industrial productionUnadjusted manufacturers shipments