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Post by bot on Apr 16, 2014 23:49:19 GMT -5
WASHINGTON (MarketWatch) -- Industrial production grew more than forecast in March, and February's data was revised higher to show the biggest monthly advance since May 2010, according to data released by the Federal Reserve on Wednesday. Industrial production grew 0.7%, topping the 0.5% seen in a MarketWatch-compiled economic forecast, and February's gain was revised to 1.2% from an initially reported 0.7%. The gains mean that production grew an annualized 4.4% in the first quarter. Capacity utilization rose in March to 79.2% from an upwardly revised 78.8% in February, topping the MarketWatch consensus of 78.7%.
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