US industrial production rose 0.4% in September

Washington, Oct. 18 (EFE). Industrial production in the United States rose 0.4% in September, a month after the red numbers were in, according to data released by the Federal Reserve (Fed) this Tuesday.

This indicator, which measures the percentage of resources used by companies and factories based on all productive factories available in the country, reached 105.2 points in July, up 5.3% from the same month a year earlier.

For its part, the industrial energy utilization rate in the United States reached 80.3% in September, twenty higher than in August, and a rate 0.7 percentage points higher than the average of the past decades (1972-2021).

The recovery in industrial production is taking place at a complex time for the US economy, which at the end of July entered what experts consider a technical recession through a series of two quarters of declines in gross domestic product (GDP).

In fact, experts expected a decline in the index, as a result of successive increases in interest rates by the Federal Reserve to control hyperinflation.

In September, industrial production rose 0.4% after advancing a similar amount the previous month. The mining index rose 0.6% and the utilities index fell 0.3%. EFE

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