US industrial production rises slightly in September

Tuesday, 18 October 2011 02:29:47 (GMT+2)

The US Federal Reserve announced Monday that industrial production in the US rose 0.2 percent in September after remaining unchanged in August. For Q3 as a whole, industrial production rose at a 5.1 percent annual rate. Industrial production was also up 3.2 percent over September 2010. Overall production at factories registered the third consecutive increase in September--factory production makes up 75 percent of the total. Industry capacity utilization rose 1.7 percent year-on-year in September.

Manufacturing output rose 0.4 percent after a 0.3 percent increase in August, while production at mines was up 0.8 percent in September, and industrial production in the construction sector edged up 0.2 percent.

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