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Industrial production declines
Industrial production fell in April, again indicating the continuing manufacturing weakness in the U.S., according to a report released today by the Federal Reserve. The decline was large than many economists had predicted.
Industrial production decreased 0.7percent from March, a larger decline than the 0.3 percent economists surveyed by Briefing.com expected. The drop, according to CnnMoney.com matched a 0.7 percent drop in February as the biggest decline since September, 2005 after Hurricanes Katrina and Rita.
Manufacturing output fell 0.8 percent in April due to a large drop in the sale of motor vehicles and parts.
Industrial production declines
May 15, 2008
Industrial production fell in April, again indicating the continuing manufacturing weakness in the U.S., according to a report released today by the Federal Reserve. The decline was large than many economists had predicted. Industrial production decreased 0.7percent from March, a larger decline than the 0.3 percent economists surveyed by Briefing.com expected. The drop, according to CnnMoney.com matched a 0.7 percent drop in February as the biggest decline since September, 2005 after Hurricanes Katrina and Rita.
Manufacturing output fell 0.8 percent in April due to a large drop in the sale of motor vehicles and parts.
Posted by Jack Keough on May 15, 2008 | Comments (0)
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