Weak utilities demand restrains U.S. industrial production

U.S. industrial production barely rose in September as a rebound in manufacturing and mining output was offset by surprisingly weak demand for utilities, pointing to a moderate acceleration in economic growth in the third quarter. Gains in output are likely to be muted as the sector remains constrained by the lingering effects of the dollar's past rally, a collapse in oil prices and weak global demand. The Fed said industrial output edged up 0.1 percent last month after declining 0.5 percent in August.

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Weak utilities demand restrains U.S. industrial production