Businessweek: Industrial production climbed more than forecasted in May.
Businessweek: Industrial production climbed more than forecasted in May.
Output at factories, mines and utilities rose 0.6 percent after a revised 0.3 percent drop in April that was smaller than previously estimated, a report from the Federal Reserve showed today in Washington. The median forecast in a Bloomberg survey called for a 0.5 percent increase. Manufacturing, which makes up 75 percent of total production, also increased 0.6 percent.
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