Industrial production in the U.S. rose by 0.1 percent in September, following a 0.3 percent drop in August. Utilities output saw a significant rebound, jumping by 1.1 percent after a 3.0 percent decrease in August. Manufacturing and mining output remained unchanged. Capacity utilization in the industrial sector stayed steady at 75.9 percent, with utilities reaching 69.9 percent, mining at 85.4 percent, and manufacturing at 75.5 percent. Economists had anticipated no change in industrial production. Bernard Yaros of Oxford Economics noted strength in utilities but highlighted ongoing positive trends in manufacturing.
Read more at Nasdaq: U.S. Industrial Production Edges Slightly Higher In September
