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LATEST US DATA

Manufacturing output in January rises by most since July 2015

Producer prices also up as margins for wholesale machinery, equipment increase; housing starts down

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Bad weather disrupted building projects in some parts of the US last month but the housing market fundamentals remain strong.

Washington

US manufacturing output rose in January by the most since July 2015, a sign the industry was starting to stabilise at the beginning of the year.

The 0.5 per cent advance at factories, which make up 75 per cent of all production, followed a 0.2 per cent decrease the prior

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