EmailIndustrial production increased 0.2% in September, exactly what the Briefing.com consensus expected. Production growth in August was revised down from 0.2% to 0.0%.
Utilities production remained on a downward trend for the second consecutive month following the July heat wave as production dipped 1.8% in September after falling 2.9% in August. Mining production increased 0.8% for the second consecutive month.
Manufacturing production remained strong in light of weak regional Fed manufacturing surveys. Production increased 0.4% in September, up slightly from 0.3% growth in August.
Motor vehicle assemblies increased slightly from 8.75 million SAAR in August to 8.76 million SAAR in September. Auto assemblies fell from 3.03 million SAAR in August to 2.91 million SAAR in September while truck assemblies increased from 5.71 million SAAR to 5.86 million SAAR.
