US capacity utilization edged up to 76.0% in November 2025, following a delayed release of October’s reading of 75.9%. The overall rate remains 3.5 percentage points below its long-term average (1972–2024). In the manufacturing sector, capacity utilization held steady at 75.4%, 2.8 points below its historical norm. Mining activity climbed to 86.3%, 1.1 points above its long-term average, while the utilities sector slipped 0.5 point to 70.9%, remaining well below typical levels.