Industrial production reports gains in September

Industrial production at factories, mines, and utilities rose 0.4% in September, following a dip of 0.1% in August. According to the Federal Reserve, manufacturing output rebounded by 0.7% after a 0.3% drop. Capacity utilization in manufacturing reached 73.1% in September, up from 72.7% in August, but a point below the year-ago level.

Industrial production at factories, mines, and utilities rose 0.4% in September, following a dip of 0.1% in August. According to the Federal Reserve, manufacturing output rebounded by 0.7% after a 0.3% drop. Capacity utilization in manufacturing reached 73.1% in September, up from 72.7% in August, but a point below the year-ago level.

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