The growth of industrial production in the US exceeded expectations

According to the US Federal Reserve, industrial production in September increased by 0.4% compared to the previous month. Analysts on average expected an increase of 0.1%.

According to the revised data, in August the volume of industrial production decreased by 0.1%, while earlier it was reported a decrease of 0.2%.

In annual terms, production in September increased by 5.3% after an increase of 3.9% in August.

Capacity utilization in the reporting month rose to 80.3% compared with a revised 80.1% in August. Analysts expected the indicator to remain at the previously indicated August level of 80%.

In particular, production in the processing industry increased by 0.4% compared to August (the forecast assumed an increase of 0.2%). In annual terms, output in the processing industry increased by 4.7% after rising by 3.5% in August.

Production in the extractive industry increased by 0.6% in monthly terms, the output of vehicles – by 1%.