The country's manufacturing output rebounded in September after falling in the previous month, in line with the upward trend of the manufacturing industry driven by capital investment this year. According to data released by the Federal Reserve on Friday, manufacturing output increased by 0.3%, and the revised August data declined by 0.2%. The September increase was in line with the median estimate of economists surveyed by Bloomberg. Overall industrial output, including mining and utilities, grew by 0.7%, the biggest increase in five months. The 3.5% increase in utility output may reflect strong electricity demand brought about by September, the hottest month on record. Mining output has also increased. BMO Capital Markets senior economist Sal Guatieri said in the report: “Driven by the AI boom and healthy consumer demand, US factories continue to achieve moderate commodity output growth.”

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