U.S. industrial output rebounds 0.4% in September : Report

U.S. industrial output rebounds 0.4% in September
Manufacturing declined in Q3 for first time since end of recession

WASHINGTON (MarketWatch) 

Industrial output rebounded a bit in September after a steep drop in the prior month, partly related to Hurricane Isaac, the Federal Reserve reported Tuesday

U.S. industrial output rose 0.4% in September after a revised 1.4% drop in the prior month, originally reported as a 1.2% decline
Roughly 0.3 percentage points of the drop in overall production in August reflected the effect of precautionary idling of oil production along the Golf of Mexico in anticipation of Hurricane Isaac, the Fed said
And some of the rise in output in September was the result of the resumption of the idled oil and gas wells
The increase in total industrial output was larger than expected
Economists had been anticipating that September production would rise 0.2%
Industrial production has risen 2.8% over the past year
For the third quarter, industrial output declined at a 0.4% annual rate
Manufacturing, which excludes mining and utilities, rose 0.2% in September after a 0.9% decline in August
The output of motor vehicles and parts fell 2.5% in September after a 5.1% drop in August
Excluding motor vehicles and parts, industrial output rose 0.6% in September after a 0.4% decline in the prior month
Manufacturing alone is down at a 0.9% rate in the July-September quarter, the first quarterly decline since the recession ended in the summer of 2009
The output of durable goods dropped edged up 0.1 in September
Gains in aerospace and electrical equipment output were offset by declines in autos and primary metals
The production of nondurable goods moved up 0.3% in the month
Consumer goods production was flat in September after falling 1.5% in the prior month
The index for business equipment rose 0.8% in September after a 0.9% drop in the prior month
The output of construction supplies jumped 1.3% in September after a 0.1% rise in August
Materials output rose 0.4% in September
The output of utilities rose 1.5% in September after a 4.3% decline in the prior month
Mining, which includes oil production, rose 0.9% in September after a 1.6% drop in August