Industrial production gained 1.3% in October, posting a partial recovery from a sharp decline in September related to refinery shutdowns caused by Gulf Coast hurricanes. However, one expert called the trend "very, very weak." Joshua Shapiro, chief U.S. economist at Maria Fiorini Ramirez Inc., said, "Export demand is falling apart, and domestic demand has already fallen apart. We'll stay in a recession at least until the early part of 2010."
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