U.S. industrial production rose in September, according to data released on Tuesday.
The Federal Reserve reported that industrial output rose 0.3% last month after gaining 0.4% in August.
Economists had forecast industrial production rising 0.2%.
Meanwhile, manufacturing production increased 0.2% in September, in line with the previous month’s gain and consensus..
The report also showed that the capacity utilization rate, a measure of how fully firms are using their resources, held steady at 78.1% in September.
Economists had forecast it to rise to 78.2%.
