U.S. industrial output slips in May

By Reuters

Jun 15, 2016

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U.S. industrial production fell more than expected in May on a decline in utilities output and auto manufacturing, the Federal Reserve said on Wednesday, a sign that the economy may be losing some steam in the second quarter.

Industrial output declined 0.4 percent last month after a downwardly revised 0.6 percent increase in April.

Data showed that despite the dollar's rally fizzling out and a rise in oil prices, industrial production remains tepid across the board

Read the full story at reuters.com.

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