U.S. industrial production rises 0.1% In September

U.S. industrial production rises 0.1% In September
Anadolu Agency

U.S. industrial production rose by 0.1% in September, rebounding after a decline in August, while capacity utilisation remained unchanged, according to Federal Reserve data on Wednesday.

Manufacturing output remained unchanged, while mining production was steady and utilities saw a 1.1% rise.

Capacity utilisation, a key gauge of overall economic activity, held at 75.9%, slightly below analysts’ forecasts.

On a yearly basis, industrial output grew 1.6%, reflecting gradual expansion in the sector.

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