Tuesday, June 17, 2008

Industrial production dips in May

Output at nation's factories falls for second month in a row. Report falls short of economists' predictions.

Industrial production dipped in May, underscoring the strain on factories from the deep housing slump.

The Federal Reserve reported Tuesday that output at the nation's factories, mines and utilities fell 0.2% in May, following a 0.7% decline in April.

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