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.

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Gary Siegel

Gary Siegel

Gary Siegel has been at The Bond Buyer since 1989, currently covering economic indicators and the Federal Reserve system.