U.S. industrial production increased by 0.4% last month

The U.S. Federal Reserve reported on Tuesday that industrial output in the U.S. gained more than expected last month, following a sharp fall in the preceding month. Industrial production gained 0.4% in September after a 1.4% decline in August, which was revised downwards from an initially reported reading of 1.2%. Analysts expected that the September's reading would be an increase of 0.2%.