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Industrial output exceeds forecasts

October 17, 2009|Times Wire Reports

Industrial production in the U.S. rose more than anticipated in September, putting manufacturing at the forefront of the emerging economic recovery.

The 0.7% increase in production at factories, mines and utilities exceeded every forecast of economists surveyed by Bloomberg News and followed gains of 1.2% in August and 0.9% in July, Federal Reserve figures showed. Another report showed a consumer sentiment index fell more than expected.

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