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2012.10.1610:23:00UTC+00U.S. Industrial Production Rebounds By More Than Expected In September

With utilities output showing a notable rebound, the Federal Reserve released a report on Tuesday showing that U.S. industrial production rose by more than expected in the month of September.

The Fed said industrial production increased by 0.4 percent in September after tumbling by a revised 1.4 percent in August. Economists had expected production to edge up by 0.2 percent compared to the 1.2 percent drop originally reported for the previous month.

Capacity utilization climbed to 78.3 percent in September from a revised 78.0 percent in August, coming in line with economist estimates.

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