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June Industrial Production Down Only 0.4%

The Federal Reserve reported a 0.4% drop in June industrial output following a downwardly revised 1.2% drop in May. The May decline is a bit better than the expected 0.6% drop.

 

Industrial production is down 13.6% over the last 12 months; it has fallen for eight consecutive months, and 17 of the last 18 months.

 

Source: Reuters

 

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Valve Magazine Digital Edition

14 SUM CVR 160x214Inside the Summer 2014 issue…

• Attracting Talent
• Advances in Machining
• Severe Service in Power Plants
• SIS Tests and Standards

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