Investing.com - U.S. industrial production rose in September, according to data released on Friday.
The Federal Reserve reported that industrial output advanced 0.4% last month after gaining the same amount in July.
Economists had forecast industrial production rising 0.3%.
Meanwhile, manufacturing production increased 0.2% in September, compared to the 0.3% increase in the previous month.
Analysts had expected a repeat of July’s advance.
The report also showed that the capacity utilization rate, a measure of how fully firms are using their resources, increased to 78.1% in September.
Economists had forecast it to rise to 78.3%.
July’s reading was revised down to 77.9% from the initial 78.1%.
Add a Comment
Are you sure you want to block %USER_NAME%?
By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.
%USER_NAME% was successfully added to your Block List
Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.