BLOOMBERG PRESS: U.S. INDUSTRIAL PRODUCTION FELL, LED BY AUTO PLUNGE (UPDATE1)
Bloomberg Press Excerpt:
U.S. industrial production fell in January for the sixth time in seven months and more than forecast as companies reduced manufacturing amid a worldwide slowdown in demand.
Output at factories, mines and utilities dropped 1.8 percent, after a revised decrease of 2.4 percent in December that was more than previously reported, the Federal Reserve said today in Washington. Car and truck assemblies fell to a record.
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