U.S. industrial output stalls in May

WASHINGTON – U.S. industrial production held steady in May at 112.7 percent of its 2002 average, after edging up a revised 0.4 percent in April, according to a report today by the Federal Reserve. The Fed previously had estimated the April rise at 0.7 percent. Compared with May 2006, industrial output rose 1.6 percent. Analysts…

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