Sunday, March 4, 2012

US Industrial Output Up Only Slightly

WASHINGTON - Production at the nation's factories, mines and utilities edged up in August at the slowest pace in three months.

The Federal Reserve reported Friday that industrial production was up just 0.2 percent in August. That was slower than the 0.3 percent gain that analysts had been expecting.

It was the poorest performance in three months and reflected a 0.3 percent drop in output at U.S. factories, the first decline …

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