US Industrial Production Rises in September, Led by Mining and Utilities

U.S. industrial output increased in September, matching economist forecasts, according to Federal Reserve data released Wednesday. The 0.4% rise follows a downwardly revised 0.4% decline in August. The gain was driven by a surge in mining activity and a rebound in utility output. Manufacturing production, the largest component, showed no growth for the month. A key measure of industrial capacity, known as capacity utilization, also remained flat. The report suggests the industrial sector is stabilizing after recent volatility, with broader growth offsetting continued stagnation in factory output.