U.S. industrial production rises 0.7% in September
SPY•U.S. industrial production rose 0.7% in September, above economists’ 0.4% forecast, while capacity utilization increased to 76.9% from 76.4% in August.
1. Output and capacity
Industrial production rose 0.7% in September after gains of 0.1% in August and 0.2% in July. Manufacturing output increased 0.3%, mining output rose 0.2%, and utilities output climbed 3.5%. Capacity utilization was 76.9%, above the 76.5% forecast.
