US industrial output up 0.4% in August, above expectations; up 0.2% over past 12 months; NAB: downward revisions blunt better-than-expected outcome; long-term Treasury yields rise moderately; rate-cut expectations soften; capacity utilisation rate up 0.2ppts to 79.7%, slightly below long-term average. The Federal Reserve’s industrial production (IP) index measures real output from manufacturing, mining, electricity and gas company facilities located in the United States. These sectors are thought to be sensitive...