Industrial production climbed 1.0% month-over-month in September, which was stronger than the 0.4% expected by economists.
The increase represented a 3.2% annualized rate in Q3,
“In September, manufacturing output moved up 0.5%, while the indexes for mining and for utilities climbed 1.8% and 3.9%, respectively,” the Federal Reserve noted.
Capacity utilization increased to 79.3% from 78.7%.
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