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US output up by 0.2pc

US industrial production rose by 0.2pc in September, in line with expectations, as a gain in manufacturing offset a drop in utility output.

September's industrial output gain followed a downwardly revised reading showing flat output in August.

Utility output fell 1.8pc in the month after dropping 2.9pc in August following a July heat wave.

But manufacturing production rose 0.4pc, with consumer durables rising 0.9pc as production rose for automotive products and home electronics.