10/18/2022, 3:15 PM (Source: TeleTrader)
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US industrial production grows 0.4% in September

Industrial production in the United States increased by 0.4% in September on a monthly basis, according to a report by the Federal Reserve's Board of Governors on Tuesday. The rise surprised to the upside, with forecasts estimating it would land at 0.1%. Year-on-year, the industrial output was up by 2.9%.

Capacity utilization rose 0.2 percentage points in September to 80.3%. Manufacturing added 0.4% monthly and 4.7% annually, while mining grew 0.6% and 11.1% respectively.

Baha Breaking News (BBN) / DJ