Kind of a meh report. Industrial production grew 0.2%, which was right in line with expectations.
August was actually revised down from 0.2% growth to 0.0%.
Capacity utilization came in at 77.4%, just below expectations of 77.5%, and just up from a revised 77.3%.
Overall, kind of a snooze.
Here’s the full announcement.
Original post: Some more data about September: This time it’s industrial production and capacity utilization, which will either confirm or undermine the idea that September was solidly better than August for the economy.
Analysts expect 0.2% growth in industrial producing, and a capacity utilization to inch up to 77.5% from 77.4% last month.
Remember, Hurricane Irene knocked out power plants for a while, so that could have some effect, as their production is factored into this umber.