Industrial production, consumer prices both rise

(Oct. 16, 2012) -- U.S. industrial production rose 0.4 percent in September 2012, thereby beating market expectations for an increase of 0.2 percent in the month, RBC Economics reported today. September 2012 consumer prices rose a robust 0.6 percent for a second month in a row. Canadian manufacturing sales rose a stronger than expected 1.5 percent in August 2012 following 0.8 percent and 0.5 percent declines in July and June, respectively.