Macro, Policy & Capital
U.S. September industrial production increased 0.7% month-over-month; manufacturing output rose 0.3%, and capacity utilization reached 76.9%.
· ComputeLabs Research · from the October 16, 2026 edition
September industrial production increased 0.7%, exceeding the reported 0.4% forecast, following a previously reported unchanged monthly reading. A subsequent summary described this as the largest increase in five months, while a separate data message put year-over-year growth at 2.25%, versus a previous 1.42%.
Manufacturing output increased 0.3%, matching the reported consensus forecast. The later narrative report revised August’s manufacturing decline to 0.2%, whereas the initial data alert listed a previous decline of 0.3%.
Capacity utilization reached 76.9%, compared with a 76.5% forecast and 76.3% previous reading. These are economy-wide industrial statistics, not measures of GPU utilization or data-center occupancy.
Utilities output increased 3.5%, and mining output also rose, although the supplied summary gives no mining growth rate. The report highlighted strong semiconductor production but supplied no semiconductor-specific percentage change.

