rebound in industrial production in September (Fed)

Washington (awp/afp) – Industrial production rose a little more than expected in September in the United States, rebounding after a slight decline in August, according to data released Tuesday by the American Central Bank (Fed).

Total production grew by 0.4% between August and September, more than the timid rise of 0.1% which was expected by analysts.

In detail, mining production increased by 0.6%, manufacturing production by 0.4%. But the production of public utility services (water, electricity) fell by 0.3%.

Compared to September 2021, industrial production is up 5.3%.

“The easing of supply constraints is positive for manufacturing. But factory output is facing… a rise in interest rates, which will weigh on demand and slow economic activity to the future,” Rubeela Farooqi, chief U.S. economist for HFE, commented in a note.

The industrial capacity utilization rate increased by 0.2 percentage point to 80.3%, a rate 0.7 percentage point higher than the average calculated between 1972 and 2021.

afp/rp

Leave a Comment