By market, consumer goods manufacturing grew by 0.2% month-on-month, while business equipment fell by 3.5%.

US industrial production fell 0.3% in September, compared with a 0.3% rise in August, the US Federal Reserve (Fed) reported on Thursday.

By market, consumer goods production grew by 0.2% month-on-month, while business equipment fell by 3.5%. Overall, finished products fell by 0.6% month-on-month.

In addition, production in the materials sector fell two-tenths of a point, but non-industrial supplies improved by 0.2%.

Within this last chapter, construction recorded a decrease of 0.1%.

In terms of industrial sectors, manufacturing entered negative territory, with a decline of 0.4% from the previous advance of 0.5%.

Mining output fell 0.6%, while the consumer services sector grew 0.7% compared with a 1.3% decline.

On an annual basis, industrial production in the world's largest economy was six-tenths lower in September of this year than in the same month of 2023. However, it was 2.6% higher than the 2017 average.