WASHINGTON — Industrial production climbed 0.4% in September, while capacity use ticked up to 78.3%, the Federal Reserve reported Tuesday.
Economists polled by Thomson Reuters expected production to rise 0.2% and correctly predicted the capacity use at 78.3%.
In August, production fell 1.4%, originally reported as a 1.2% decline, while capacity use was adjusted down to 78.0% from 78.2%.
Manufacturing output rose 0.2% in September after a 0.9% dip the previous month. On a year-over-year basis, manufacturing production rose 3.2%.
Mining jumped 0.9% following a hurricane-induced 1.6% decrease in August, while utilities surged 1.5% after a 4.3% fall the previous month.