Gain in output of nation's factories, mines and utilities matches forecasts; capacity use still low.
October 16, 2003: 9:17 AM EDT
NEW YORK (CNN/Money) - Production from the nation's factories, mines and utilities rose at a faster pace in September, the Federal Reserve said Monday.
The report showed industrial production rose 0.4 percent in September after rising 0.1 percent in August. Economists, on average, expected production to rise 0.4 percent, according to Briefing.com.
Capacity utilization, the percentage of production capacity factories used in the month, was 74.7 percent, compared with 74.6 percent in August. Economists expected a capacity utilization rate of 74.8 percent, according to Briefing.com.
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