US industrial production grows 0.1% in September

Ani Salama FXStreet

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.

Author

Ani Salama

FXStreet

Ani Salama is an Economist specialized in financial markets and statistics analysis. In 2010, she joined FXstreet where she now contributes with the news section.

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