Industrial Production Up Slightly
WASHINGTON, Oct. 17 (UPI) — Industrial production rose 0.2 percent in September, the U.S. Federal Reserve Board said Monday.
Manufacturing output rose 0.4 percent after rising 0.3 percent in August. Production at mines rose 0.8 percent after rising 1.2 percent in August. Production at utilities fell for the second consecutive month, falling 1.8 percent after dropping 3 percent in August, a decline that followed a heat wave in July.
Capacity utilization — measuring production as a percentage of manufacturing, mining and utilities operating at full steam — climbed 1.7 percentage points from a year earlier to 77.4 percent, 3 percentage points below its long-term, 1972 to 2010 average, the Fed said.
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