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US industrial production fell for second month in a row

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Apr 15, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    Official data released in the US today showed industrial production fell for the second month in a row due to sharp decline in mining activity.

    March industrial production fell -0.6% compared to an expected drop of 0.1%. February figure was revised down slightly to -0.6% from -0.5%. Mining activity fell 2.9% while Utilities declined 1.2%. Manufacturing also declined 0.3% with durables down 0.4%. Capacity utilization fell 0.5% in March to 74.8%, from 75.3% in Feb.
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