Industrial Market, Utility Output Surge

Summary


WASHINGTON -- Industrial production, helped by a jump in utility output, surged in June at the fastest pace in 16 months, providing the strongest evidence yet that U.S. manufacturing is rebounding.

Meanwhile, wholesale prices were flat last month, matching the benign performance turned in by consumer prices during June.

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Extract


Industrial Market, Utility Output Surge

Taken together, the two reports Friday helped to ease fears that manufacturing, hardest hit in the 2001 recession, was in danger of faltering again or that inflat...

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