Industrial production rises 0.3%, capacity use at 76.0% in Sept.
Industrial production grew 0.3% in September, the Federal Reserve reported Tuesday.
The increase followed a revised 0.7% slide in August, first reported as a 0.9% drop.
Capacity utilization grew to 76.0% in September from August’s revised 75.8%, first reported as 76.1%.
Economists polled by IFR Markets projected a 0.3% increase for industrial production and a 76.2% capacity utilization rate.
Manufacturing output rose 0.1% in September, following a 0.2% decline in August.
Utilities’ output was up 1.5% after decreasing 4.9% in August, while mining was 0.4% higher after a 0.2% dip the month before.