U.S . INDUSTRIAL PRODUCTION ROSE 0.7 % IN SEPTEMBER , TOPPING FORECASTS

What happened: U.S. industrial production rose 0.7% in September, beating the 0.4% consensus forecast. Key numbers: Industrial production +0.7%. Forecast 0.4%. Manufacturing +0.3%. Utilities +3.5%. Mining +0.2%. Capacity utilization 76.9% versus 76.5% forecast. Why it matters: Utilities drove the beat, which the content calls a thinner argument for additional Fed tightening than the top line suggests. Capacity utilization above forecast shows the economy running closer to its productive limits.

September industrial production rose 0.7%, exceeding forecasts, signaling economic strength.

September industrial production rose 0.7%, exceeding forecasts, signaling economic strength. — impact context not separately stored; see What changed.