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Sept factory output rises marginally, utilities dip

Published Mon, Oct 17, 2016 · 09:50 PM

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Washington

US industrial production barely rose in September as a rebound in manufacturing output was offset by a decline in utilities production, suggesting a moderate acceleration in economic growth in the third quarter.

The Federal Reserve said on Monday industrial output edged up 0.1 per cent last month after a downwardly revised 0.5 per cent decline in August.

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