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Market Update : 
Industrial Production Drops 0.7% in April
Author: 123jump.com Staff
123jump.com
Last Update: 10:20 AM EDT May 15 2008



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Industrial production declined 0.7% in April after having risen 0.2% in March. Manufacturing output fell 0.8% in April. As was the case in March, factory output in April was held down by a large drop in the index for motor vehicles and parts; strikes and strike-related parts shortages resulted in suspended production at many facilities.

 

 

 

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