Friday, May 15, 2009

Production at U.S. Industries Probably Declined at Slower Pace


Industrial production in the U.S. probably declined in April at the slowest pace in six months, signaling manufacturing may be stabilizing, economists said before a report today.

Output fell 0.6 percent following a 1.5 percent drop in March, according to the median estimate in a Bloomberg News survey. Other reports may show the cost of living was unchanged last month and consumer sentiment climbed this month to the highest level since September.

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