Industrial production increased 0.3% in September and advanced at an annual rate of 2.5% in the third quarter.
Manufacturing output rose 0.4% in September, the index for mining moved up 0.4%, and the index for utilities decreased 0.3%. In the third quarter, factory output moved sideways, as a gain of 2.3% (annual rate) in the index for durable manufacturing was offset by a decline of 2.4% (annual rate) in the index for nondurable manufacturing.
At 103.6% of its 2017 average, total industrial production in September was 0.1% above its year-earlier level. Capacity utilization moved up 0.2 percentage point to 79.7% in September, a rate that is equal to its long-run (1972–2022) average.