U.S. Industrial Production Rises in September

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© Reuters. U.S. industrial production increases 0.4% in August vs. forecast for 0.3%© Reuters. U.S. industrial production increases 0.4% in August vs. forecast for 0.3%

Investing.com – U.S. industrial production rose in September, according to data released on Friday.

The Federal Reserve reported that advanced 0.4% last month after gaining the same amount in July.

Economists had forecast industrial production rising 0.3%.

Meanwhile, increased 0.2% in September, compared to the 0.3% increase in the previous month.

Analysts had expected a repeat of July’s advance.

The report also showed that the , a measure of how fully firms are using their resources, increased to 78.1% in September.

Economists had forecast it to rise to 78.3%.

July’s reading was revised down to 77.9% from the initial 78.1%.

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