Monday, October 28, 2013

Industrial Production Increased in September

Industrial production increased 0.6% in September, meeting expectations. It was the strongest monthly gain since February. September’s report included minor revisions to the previous 5 month’s gains.

Manufacturing output rose 0.1%, which was weak compared to the 0.5% growth seen the month prior. Motor vehicles and parts contributed heavily to the gain, increasing 2.0%. While durable goods increased 0.5%, nondurable goods declined 0.3%.

Mining growth improved 0.2%, the slowest pace since March. Utilities growth was strong, increasing 4.4%, the strongest growth since March.

The capacity utilization ratio increased to 78.3 from a revised 77.9.

Read the Federal Reserve release.

No comments:

Post a Comment

Please read our comment policy before making a comment.