Industrial Production Rose 0.3% in September
Washington, DC, October 17, 2023-Industrial production increased 0.3% in September and advanced at an annual rate of 2.5% in Q3, according to the Federal Reserve.
Manufacturing output rose 0.4% in September, the index for mining moved up 0.4%, and the index for utilities decreased 0.3%. At 103.6% of its 2017 average, total industrial production in September was 0.1% above its year-earlier level. Capacity utilization moved up 0.2 percentage point to 79.7% in September, a rate that is equal to its long-run (1972–2022) average.