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US industrial output edges higher in September
(MENAFN) US industrial production posted a slight improvement in September, rising 0.1% from the previous month, according to reports citing data from the Federal Reserve.
The increase aligned with market expectations and followed a revised 0.3% drop recorded in August.
Manufacturing activity showed no change compared to the prior month, holding steady after a 0.1% gain in August. Mining output also remained flat, while the utilities sector saw a 1.1% increase.
Capacity utilization — an indicator of how much of the nation’s industrial capacity is being used, and a broader measure of economic momentum — stayed at 75.9%, coming in below what analysts had anticipated.
On a yearly basis, total industrial production was up 1.6%.
The increase aligned with market expectations and followed a revised 0.3% drop recorded in August.
Manufacturing activity showed no change compared to the prior month, holding steady after a 0.1% gain in August. Mining output also remained flat, while the utilities sector saw a 1.1% increase.
Capacity utilization — an indicator of how much of the nation’s industrial capacity is being used, and a broader measure of economic momentum — stayed at 75.9%, coming in below what analysts had anticipated.
On a yearly basis, total industrial production was up 1.6%.
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