U.S. Industrial Production Down 0.2% In September, Matching Expectations

Industrial production fell 0.2% in September and capacity utilization declined, according to data released by the Federal Reserve on Friday. Economists polled by MarketWatch had expected a 0.2% drop. August's decline was revised higher to a drop of 0.1% from the prior estimate of a 0.4% decline. The only major market group to post a gain in September was consumer goods. Capacity utilization fell to 77.5% from an upwardly revised 77.8% in August, a bit above the 77.4% expected.

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