**MNI 5 THINGS: US September IP Up 0.3% Versus +0.2% Expected>

--5 Things We Learned From September Industrial Production Data

By Shikha Dave and Harrison Clarke

     WASHINGTON (MNI) - The following are the key points from the 

Industrial Production and Capacity Utilization data for September 

released by the Federal Reserve Tuesday: 

     - Industrial production increased by 0.3% in September vs 0.2% 

expected, after no revision to August and a downward revision to July. 

Outside of the increase in motor vehicle production, industrial 

production would have been up 0.2%. 

     - Manufacturing production rose 0.2% in the month on a 1.7% 

increase in motor vehicles and parts production, but was up only 0.1% 

outside of motor vehicles and parts.  

     - Utilities production was flat, with the mix showing a 0.2% 

decrease in electricity production and a 1.2% increase in natural gas 

production. 

     - Mining production posted an increase of 0.5% in September, 

following an downward revision to the August number from +0.7% to +0.4%.  

     - Capacity utilization came in at 78.1%, slightly lower the 78.2% 

expected. This followed no revision from 78.1% in August. Manufacturing 

capacity utilization rose by 0.1pp to 75.9%. 

     ** MNI Washington Bureau: 202-371-2121 ** 

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