U.S. Industrial Production Jumps to Highest Level Since 2018, Led by Mining and Manufacturing
- U.S. industrial production rose 0.3% in September to the highest level since December 2018
- The increase was led by mining and manufacturing sectors
- Manufacturing output rose 0.4% from the previous month
- Utility output fell 0.3% while mining production rose 0.4%
- Capacity utilization ticked up to 77.8% for factories and 79.7% overall