Ahead of the Bell: US industrial production

Markets Associated Press

In this Friday, Oct. 21, 2016, photo, Belinda Kurian pulls thread made from recycled plastic bottles as it's processed at the Repreve Bottle Processing Center, part of the Unifi textile company, in Yadkinville, N.C. On Wednesday, Dec. 14, 2016, the ... Federal Reserve reports on U.S. industrial production for November. (AP Photo/Chuck Burton) (The Associated Press)

The Federal Reserve releases its November report on U.S. industrial production at 9:15 a.m. Eastern Wednesday.

Continue Reading Below

STUMBLING AGAIN: Economists forecast that industrial production — which includes output from manufacturers, mines and utilities — slipped 0.1 percent last month after being essentially flat in October and dropping in August and September, according to a survey by the data firm FactSet.

The overall industrial production number was restrained by a 2.6 percent drop in utility output — the result of an unseasonably warm October that reduced demand for heating. Manufacturing output rose 0.2 percent in October and mining output climbed 2.1 percent on increased coal mining.

HEADWINDS: American industry has been hurt by a strong dollar, which makes U.S. goods costlier in foreign markets. Industrial production was down 0.9 percent from October 2015. Despite the uptick in October, mining output was down 7 percent from October 2015 — as energy companies slashed production and exploration in the face of low oil prices.

Mines have shed 87,000 jobs over the past year and factories 54,000.