Mumbai, Sept. 17 -- Industrial production in the U.S. unexpectedly edged slightly higher in the month of August, according to a report released by the Federal Reserve on Tuesday.
The Fed said industrial production crept up by 0.1 percent in August after falling by a downwardly revised 0.4 percent in July.
The unexpected uptick by industrial production partly reflected a notable rebound by mining output, which jumped by 0.9 percent in August after tumbling by 1.5 percent in July.
The report also said manufacturing output rose by 0.2 percent in August after edging down by 0.1 percent in July, with the production of motor vehicles and parts surging by 2.6 percent.
Meanwhile, the Fed said utilities output plunged by 2.0 percent in August af...