The Federal Reserve reports U.S. industrial output grew 0.7% in March and has updated its February growth number from 0.6% to 1.2%. Manufacturing grew 0.5% in March and an adjusted 1.4% in February. "Weather volatility aside, the monthly report on industrial production suggests that U.S. manufacturing is maintaining its path of moderate growth," said Cliff Waldman, senior economist at MAPI.

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