US industrial production rebounds as expected in September: Fed
Manufacturing output, capacity utilization both unchanged from previous month in September
By Mucahithan Avcioglu
ISTANBUL (AA) - US industrial production rose 0.1% on a monthly basis in September, according to Federal Reserve data released on Wednesday.
The figure matched market expectations, following a downwardly revised 0.3% decline in August.
Meanwhile, manufacturing output remained unchanged compared to the previous month, after rising 0.1% last month.
The mining output was also stable over the same period, while the output of utilities rose 1.1%.
Capacity utilization, which reflects overall growth and demand in the economy, was unchanged at 75.9%, below market expectations.
On an annual basis, industrial output rose 1.6%.
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