US industrial production rose 0.6% mom in August, better than expectation of 0.2% mom. Capacity utilization rose to 77.9%, above expectation of 77.6%. Looking at some details, manufacturing output rose 0.5% with production rose for most major categories within durable manufacturing. The largest gains were recorded by machinery, primary metals, and nonmetallic mineral products; the only sizable decline was recorded by motor vehicles and parts. Mining output rose 1.4% while utilities output rose 0.6%.
