Industrial Production Rises 1.3% in October

U.S. industrial production rose 1.3% in October, the Federal Reserve said Monday.

The increase in production at factories, mines and utilities followed a revised 3.7% drop in September.

Manufacturing, which accounts for about four-fifths of industrial production, rose 0.6%.

Economists had forecast production would rise 0.2% Bloomberg reported.

The share of industrial capacity in use rose to 76.4%, from 75.5% in September.

The factory sector is one of trucking’s largest and most important customers.