US Industrial Output Climbs More Than Expected In September

October 19, 2009

AFP reports, "US industrial production jumped in September for a third straight month, the Federal Reserve reported Thursday in a further sign of a reviving manufacturing sector," saying that "output at the nation's factories, mines and utilities rose 0.7 percent after an upwardly revised gain of 1.2 percent in August." According to the US central bank's report, the figures "marked the first period of sustained increase since 2007, when the United States plunged into recession. Most economists had forecast a 0.2 percent rise in September." Analysts say that "the American industrial sector is leading the recovery from recession as consumer spending and other areas of the economy lagged."