US industrial output edges up

US industrial production edged up 0.1% in September after falling 0.5% in August, the US Federal Reserve said today.

For the third quarter as a whole, industrial production rose at an annual rate of 1.8% for its first quarterly increase since the third quarter of 2015.

Manufacturing output increased 0.2% in September and moved up at an annual rate of 0.9% in the third quarter. In September, the index for utilities declined 1.0%; mining posted a gain of 0.4%, which partly reversed its August decline.

At 104.2% of its 2012 average, total industrial production in September was 1.0% lower than its year-earlier level.