16.07.2013 15:24:47
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U.S. Industrial Production Growth Exceeds Estimates In June
(RTTNews) - With mining output showing a notable increase, the Federal Reserve released a report on Tuesday showing that industrial production rose by slightly more than expected in the month of June.
The Fed said industrial production rose by 0.3 percent in June after coming in unchanged in May. Economists had been expecting production to edge up by 0.2 percent.
Additionally, the report said the capacity utilization rate inched up to 77.8 percent in June from a revised 77.7 percent in May.