US industrial production grows 0.1% in September
|US industrial production rose a seasonally adjusted 0.1% in September after dropping 0.5% in August, the Federal Reserve said Monday. Expectations were for a 0.1% increase.
For the third quarter as a whole, industrial production rose at an annual rate of 1.8% for its first quarterly increase since the third quarter of 2015.
Overall manufacturing output rose 0.2% last month and moved up at an annual rate of 0.9% in the third quarter.
Capacity utilization for the industrial sector edged up 0.1 percentage point in September to 75.4 percent, a rate that is 4.6 percentage points below its long-run (1972–2015) average.
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