By Geoffrey Smith
Investing.com -- U.S. factory output rose more than expected in September, as the supply chain bottlenecks that dogged the industry earlier in the year continued to ease.
Industrial output rose 0.4% from August and was up 5.3% on the year, the Federal Reserve said, while manufacturing output also rose 0.4%. August's manufacturing number was also revised upward to show a 0.4% gain, rather than 0.1% initially reported.
The numbers are a fresh illustration that most of the U.S. economy is running hot by any historical measure. The rate of capacity utilization across the country's factories rose to 80.3% from 80.1%, matching a 13-year high that it hit earlier in the year.