11/18/2009

The Federal Reserve said industrial production grew 0.1% in October, less than the 0.9% average for the previous three month. The Labor Department said overall wholesale prices increased 0.3% last month. But if the traditionally volatile costs of food and energy are taken out, wholesale prices slid 0.6%. "There's no reason to panic," said Paul Ashworth, a senior economists at Capital Economics. "But it is a timely reminder that it's not going to be a strong recovery, even in the industrial sector."

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