• News Desk

INDUSTRIAL PRODUCTION EDGES UP 0.1% VS EXPECTATIONS FOR 0.2%


U.S. industrial production barely rose in September as a rebound in manufacturing output was offset by a decline in utilities production, suggesting a moderate acceleration in economic growth in the third quarter. The Federal Reserve said on Monday industrial output edged up 0.1 percent last month after a downwardly revised 0.5 percent decline in August. Economists polled by Reuters had forecast industrial production gaining 0.1 percent last month after a previously reported 0.4 percent fall in August. Industrial production rose at an annual rate of 1.8 percent in the third quarter, the first quarterly increase since the third quarter of 2015.

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#Gain #IndustrialProduction #Expectations #FederalReserve #BREAKINGNEWS

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