US Industrial Production Is Growing At The Fastest Pace In 4 Years As Manufacturing Rebounds

What happened: US industrial production rose 0.7% MoM in September, beating expectations, with August revised up to +0.1% MoM. It was the sixth straight monthly gain, and manufacturing rebounded from August's dip. Key numbers: 0.7% MoM September industrial production vs 0.5% expected. Annual increase +2.25%, highest since Sept 2022. Utilities +3.5% in September, +14.8% annual rate in Q3. Why it matters: The data was a clear beat on the growth side, though uneven as autos lagged. Utilities drove the gain, while manufacturing showed only a modest rebound after prior softness.

US industrial production hits 4-year high as manufacturing rebounds.

US industrial production hits 4-year high as manufacturing rebounds. — impact context not separately stored; see What changed.