Industrial Production Falls

U.S. industrial production fell 0.2 percent in September after a 0.1 percent decline in August, the Federal Reserve said today. Production was up 0.4 percent year-on-year. Manufacturing edged down 0.1 percent, the second consecutive monthly decline and marking a 1.4 percent year-on-year gain. Utility output was up 1.3 percent for a 1 percent year-on-year gain, and mining dropped 2 percent for a 5.7 percent year-on-year decline.