Industrial production rises for September, but outlook is muted

Industrial production rose a seasonally adjusted 0.6% in September over August, according to the Federal Reserve. The increase pushed output back into pre-recessionary territory. It is unclear whether progress will continue, however, MAPI Senior Economist Cliff Waldman said. "With neither a strong global recovery nor a resolution to the policy problems in Washington on the horizon. ... U.S. manufacturing output growth will likely be positive but muted for the balance of this year and into 2014."

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