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US Industrial Output Exceeds Expectations In June

Forex News: A heat wave and the end of an auto sector strike gave a lift to June industrial production, which rose 0.5%, following an unrevised 0.2% drop in May. Capacity utilization increased to 79.9% in June. May capacity use was 79.6%, revised up from an originally reported 79.4%. The 1972-2007 average is 81.0%. Economists expected industrial production to rise 0.2% in June, with a capacity utilization rate of 79.4% for the month. Utilities output increased 2.1% due to hot weather.




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