By Ovunc Kutlu
ISTANBUL (AA) - US industrial production rose 0.3% in September compared to the previous month, according to new Federal Reserve data.
The figure came in higher than market expectations of a 0.1% increase, after remaining flat in August, said the data released Tuesday.
Annually, industrial production rose 0.1% in September compared to the same month last year, according to the Fed figures.
Manufacturing output, meanwhile, climbed 0.4% in September from the previous month.
The figure came in better than estimates of a 0.1% monthly gain, after posting a decline of 0.1% in August.
Capacity utilization, which indicates overall growth and demand in the economy, moved up 0.2 percentage point to 79.7% in September.
The figure was slightly higher than estimates of 79.6% after standing at 79.5% in August.