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ECONOMICS COMMENTARY
Jul 16, 2013
US: Industrial production rises in June, but not enough to allay signs of slowing economy
US industrial production beat expectations in June, but the underlying trend remains one of a sector that is slowing as manufacturing output stagnates. Alongside weak retail sales data, the official data are pointing to an altogether disappointing second quarter, with the economy set to have grown at about half the rate of that seen in the first quarter. Further weakness may well lie ahead.
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