U.S. industrial production rises at 4% rate in 3Q

WASHINGTON – U.S. industrial production increased at an annual pace of 4.0 percent in the third quarter compared with the same three months of 2006, the Federal Reserve said in a statistical release today. That was a half-percentage point faster than the second quarter’s 3.5-percent growth rate. In September, total U.S. industrial production increased 0.1…

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