Fed figures point to rebound in factory sector

09/18/2013 | Nasdaq.com

The Federal Reserve reported Monday that U.S. industrial output increased a seasonally adjusted 0.4% in August. Manufacturing rose 0.7%, but economists expressed caution about the numbers. "Acceleration in manufacturing production during the second half of this year is expected, but nothing in the outlook suggests more than a return to moderate growth," said Daniel J. Meckstroth, chief economist at MAPI.

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