Industrial production in the U.S. increased 0.1 percent in September after falling 0.5 percent in August, according to the Federal Reserve.
For the third quarter as a whole, industrial production rose at an annual rate of 1.8 percent for its first quarterly increase since the third quarter of 2015. Manufacturing output increased 0.2 percent in September and moved up at an annual rate of 0.9 percent in the third quarter. In September, the index for utilities declined 1 percent; mining posted a gain of 0.4 percent, which partially reversed its August decline.
At 104.2 percent of its 2012 average, total industrial production in September was 1 percent lower than its year-earlier level. 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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