Industrial production increased 0.3 percent in September after rising 0.4 percent increase in August, according to the Federal Reserve. Capacity utilization was 78.1 percent in September, a rate that is 1.7 points below its long-run average.
Manufacturing output increased 0.2 percent after rising 0.3 percent last month. Production of durable goods increased 0.9 percent, while nondurable goods production were unchanged. Capacity utilization for manufacturing rose 0.1 percentage point to 75.9 percent, a rate that is 2.4 percentage points below its long-run average.
The output of mining rose 0.5 percent after increasing 0.4 percent in August. The index in September was 13.4 percent higher than its year-earlier level.
Utilities were unchanged in September, after rising 1.1 percent in August. The index in September was 5.4 percent higher than its year-earlier level.
Read the Fed release.
