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Industrial Production in U.S. Rises in Sign of Stabilization

Bloomberg (10/16/12) Lorraine Woellert

Industrial production in the U.S. rebounded 0.4% in September after a steep drop in the prior month, the U.S. Federal Reserve said today. The increase was more than forecast, and partially reverses the prior month’s slump, indicating manufacturers are regaining their footing. The median estimate in a Bloomberg survey of 85 economists called for production to rise 0.2%. Capacity utilization, which measures the extent to which plants are achieving their full potential output, rose to 78.3% from 78.0%.