US industrial production climbed 0.3 percent in September

FILE- In this Sept. 27, 2018, file photo robots weld the bed of a 2018 Ford F-150 truck on the assembly line at the Ford Rouge assembly plant in Dearborn, Mich. On Tuesday, Oct. 16, the Federal Reserve reports on U.S. industrial production for September. (AP Photo/Carlos Osorio, File)
FILE- In this Sept. 27, 2018, file photo line technicians work on assembling a redesigned Nissan Altima sedan at its Nissan Canton Vehicle Assembly Plant in Canton, Miss. On Tuesday, Oct. 16, the Federal Reserve reports on U.S. industrial production for September. (AP Photo/Rogelio V. Solis, File)

WASHINGTON — U.S. industry expanded again in September despite the impact of Hurricane Florence.

The Federal Reserve said Tuesday that industrial production, which includes output at factories, mines and utilities, rose 0.3 percent last month. It was the fourth straight increase. The Fed said that Florence reduced September output growth by less than 0.1 percentage points.

Over the past year, industrial production rose 5.1 percent.

The increase was slightly higher than economists had expected and offered more evidence that the U.S. economy is in good health. Overall economic growth reached 4.2 percent from April through June, fastest in nearly four years. The U.S. unemployment rate has dropped to 3.7 percent, lowest since 1969.

Led by autos and wood products, factory production rose 0.2 percent in September, slowest growth since a drop in May. Manufacturers are contending with a strengthening dollar that makes their products more expensive in foreign markets.

Mining production rose 0.5 percent, eight straight increase. Mining output, which includes oil and gas producers, has surged 24 percent since 2016 as oil prices rebounded from a slump and is up 13.4 percent over the past year

Utility output was flat last month and is up 5.4 percent since September 2017.

Must Read

Group estimates 34,000 gallons of oil spilled off...

Aug 16, 2017

Satellite imagery analysis by US-based group suggests at least 34,000 gallons leaked during oil...

EU official urges Britain's May to get creative...

Oct 16, 2018

A top European Union official is imploring British Prime Minister Theresa May to adopt "a new...

East Timor, Australia open talks on maritime...

Aug 29, 2016

East Timor and Australia have begun conciliation talks in their bitter legal battle to set a...

Relatives of MH17 victims seek EU help in getting...

Aug 31, 2016

Frustrated relatives of those killed when Malaysia Airlines Flight 17 was shot out of the sky over...

With economy up, crime down, why are the Dutch...

Mar 6, 2017

The economy is up, unemployment is down and some Dutch prisons are so empty the government has been...