WASHINGTON — Industrial production rose 1.0% in September, the Federal Reserve reported Thursday.
Processing Content
The production increase followed a revised 0.2% decrease in August, originally reported as a 0.1% decline.
Capacity utilization rose in September to 79.3% from a revised 78.7% the previous month, first reported as 78.8%.
Economists polled by Thompson Reuters projected a 0.4% increase in industrial production and a 79.0% capacity utilization rate.
Manufacturing output was up 0.5% in September following a 0.5% decrease the previous month.
Utilities' output was up 3.9% in September after increasing 1.2% in August.
