US industrial production rebounds as expected in September: Fed

ISTANBUL

US industrial production rose 0.1% on a monthly basis in September, according to Federal Reserve data released on Wednesday.

The figure matched market expectations, following a downwardly revised 0.3% decline in August.

Meanwhile, manufacturing output remained unchanged compared to the previous month, after rising 0.1% last month.

The mining output was also stable over the same period, while the output of utilities rose 1.1%.

Capacity utilization, which reflects overall growth and demand in the economy, was unchanged at 75.9%, below market expectations.

On an annual basis, industrial output rose 1.6%.