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Industrial output falls for 1st time since January

from Bloomberg Businessweek

Industrial production in the U.S. unexpectedly declined in August for the first time in seven months as auto manufacturing cooled. Output at factories, mines and utilities fell 0.1 percent after a 0.2 percent gain the prior month that was smaller than previously reported, figures from the Federal Reserve showed. The median forecast in a Bloomberg survey of 79 economists called for a 0.3 percent rise. Automakers scaled back following the biggest surge in almost five years. more


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