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U.S. Factory Output Rose More than Expected in September

Economic Indicators Oct 19, 2022 01:02
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© Reuters.

By Geoffrey Smith 

Investing.com -- U.S. factory output rose more than expected in September, as the supply chain bottlenecks that dogged the industry earlier in the year continued to ease.

Industrial output rose 0.4% from August and was up 5.3% on the year, the Federal Reserve said, while manufacturing output also rose 0.4%. August's manufacturing number was also revised upward to show a 0.4% gain, rather than 0.1% initially reported.

The numbers are a fresh illustration that most of the U.S. economy is running hot by any historical measure. The rate of capacity utilization across the country's factories rose to 80.3% from 80.1%, matching a 13-year high that it hit earlier in the year.

U.S. Factory Output Rose More than Expected in September
 

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