Associated Press (05/15/14) Paul Wiseman
Industrial production declined 0.4% in April after increasing 0.7% in March, according to the U.S. Federal Reserve. Economists expect the decrease to be temporary because other recent measures of manufacturing have been positive. The Institute for Supply Management’s manufacturing index increased to 54.9 last month from 53.7 in March. Overall industrial output—which includes manufacturing, mining, and utilities—declined 0.6% last month, the Fed said.
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