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Politics : Formerly About Advanced Micro Devices

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To: Duncan Baird who started this subject	2/14/2003 9:32:02 AM
From: tejek	of 1576094

Industrial Output Rises 0.7 Percent WASHINGTON (Feb. 14) - U.S. industrial output rebounded with surprising strength in January, boosted by renewed auto production, the Federal Reserve said in a report on Friday. Output at the nation's factories, mines and utilities rose a larger-than-expected 0.7 percent, the Fed said, its best reading since July and reversing December's revised 0.4 percent decline. Manufacturing, which makes up more than four-fifths of overall production, posted a 0.5 percent increase, the largest gain in a year. ''Much of the gain in manufacturing output in January reflected an increase in the production of motor vehicles,'' the Fed said. Businesses were also running closer to full capacity in January, though capacity in use remained at relatively low levels by historic standards. Overall capacity use rose to 75.7 percent in January from 75.2 percent in December, the Fed said. Analysts polled by Reuters had projected production to rise by only 0.3 percent and capacity in use to rise to 75.6 percent. Reut09:21 02-14-03 Copyright 2003 Reuters Limited.

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