Industrial production in the US rose 0.7% month-over-month in September, the most in five months and more than market expectations of 0.4%. Manufacturing output, which accounts for about 78% of total industrial production, increased 0.3%, in line with market expectations. Meanwhile, mining production advanced 0.2%, and utilities rose 3.5%, supported by increased output from both electric and natural gas utilities. Capacity utilisation also improved, reaching 76.9% in September. Despite the monthly increase, the rate remained 2.5 percentage points below its long-term average for 1972–2025. For the third quarter as a whole, industrial production grew at an annualised rate of 2.8%.