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US industrial production rose 0.7% in April, tops estimates

With more than a hint of an economy on the rise, U.S. factories outperformed expectations,with overall industrial output gaining 0.7 percent last month, beating the consensus forecast of a 0.3 percent gain. In contrast, mining output, another component of total industrial production, fell 2.3 percent in April. The gain in factory output, coming after recent […]

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