Posted October 17, 2016

Industrial production rises in September

Industrial production edged up 0.1 percent in September after falling 0.5 percent in August.

For the third quarter as a whole, industrial production rose at an annual rate of 1.8 percent for its first quarterly increase since the third quarter of 2015. Manufacturing output increased 0.2 percent in September and moved up at an annual rate of 0.9 percent in the third quarter. In September, the index for utilities declined 1.0 percent; mining posted a gain of 0.4 percent, which partially reversed its August decline. At 104.2 percent of its 2012 average, total industrial production in September was 1.0 percent lower than its year-earlier level. Capacity utilization for the industrial sector edged up 0.1 percentage point in September to 75.4 percent, a rate that is 4.6 percentage points below its long-run (1972–2015) average.

Manufacturing output rose 0.2 percent in September and was unchanged from its year-earlier level. In September, the production of durables remained unchanged, the production of nondurables increased 0.5 percent, and the production of other manufacturing (publishing and logging) fell 0.8 percent. Within durables, declines registered by primary metals, by machinery, and by aerospace and miscellaneous transportation equipment were offset by gains elsewhere. All of the major categories within nondurables posted increases; the largest gains, of about 1 1/2 percent, were recorded by printing and support and by petroleum and coal products.

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