WASHINGTON (MNI) - Industrial production rose 0.1% in September, as expected, with a 0.2% gain in manufacturing production and a 0.4% rise in mining production offsetting a 1.0% drop in utilities production, data released by the Federal Reserve Monday showed.

Even with downward revisions to total production in July and August, the headline measure managed a 1.8% SAAR pace of growth in the third quarter, the first quarterly increase since the same quarter a year earlier.

Alternatively, September production was down 1.0% from September 2015, but a huge 9.4% decline in mining production over the last year is mostly to blame. Utilities production fell 0.4% year/year, while manufacturing production was flat.

Within manufacturing, motor vehicle production rose 0.1%, while the other manufacturing components combined for a 0.2% gain, with increases generally widespread with declines in only a few components.

Bottom line, this was an as expected report that suggests some forward momentum for overall and manufacturing production, but still sluggish performance from the energy components.

Market News International is a real-time global news service for fixed-income and foreign exchange market professionals. See www.marketnews.com.