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US Industrial Production Rebounds as Expected in September: Fed

Washington: US industrial production rose 0.1% on a monthly basis in September, according to Federal Reserve data released on Wednesday. The figure matched market expectations, following a downwardly revised 0.3% decline in August.

According to Anadolu Agency, manufacturing output remained unchanged compared to the previous month, after rising 0.1% last month. The mining output was also stable over the same period, while the output of utilities rose 1.1%.

Capacity utilization, which reflects overall growth and demand in the economy, was unchanged at 75.9%, below market expectations. On an annual basis, industrial output rose 1.6%.