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    16.03.2016 13:37 U.S. industrial production slides 0.5% in February

    The Federal Reserve released its industrial production report on Wednesday. The U.S. industrial production slid 0.5% in February, missing expectations for a 0.3% decrease, after a 0.8% rise in January. January's figure was revised down from a 0.9% increase.


    The decline was mainly driven by a drop in utilities. Mining output fell 1.4% in February, while utilities production plunged 4.0%.


    Manufacturing output rose 0.2% in February, after a 0.5% gain in January.


    Capacity utilisation rate decreased to 76.7% in February from 77.1% in January, missing expectations for a decline to 76.9%.

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