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Last updateThu, 23 Oct 2014 3pm

Industrial Output Falling Sharply

U.S. manufacturing activity decreased in December at its fastest pace in nearly 30 years, as businesses cut production and slashed product orders in response to the global recession, according to a closely watched survey.

The Institute for Supply Management's index of industrial production slipped from 36.2 percent in November to 32.4 percent in December, the lowest level since June 1980.

Source: Washington Post

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