• U.S. industrial production declines 0.2% in September

Market news

16 October 2015

U.S. industrial production declines 0.2% in September

The Federal Reserve released its industrial production report on Friday. The U.S. industrial production fell 0.2% in September, in line with expectations, after a 0.1% decline in August. August's figure was revised up from a 0.4% drop.

The drop was mainly driven by a fall in the mining output, which plunged by 2.0% in September.

Manufacturing output was down 0.1% in September, while utilities production increased 1.3%.

Capacity utilisation rate decreased to 77.5% in September from 77.8% in August, beating expectations for a decline to 77.4%. August's figure was revised up from 77.6%.

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