Tuesday, March 16, 2010

US - Output gain points to more investment

Industrial production unexpectedly rose in February, due in part to gains in demand for computers and semiconductors that signal the pickup in US business investment is being sustained. Output climbed 0.1%, the eighth consecutive increase, as utility use and mining increased, figures from the Federal Reserve showed in Washington. Another Fed report showed factories in New York kept expanding in March as orders and employment grew. (Bloomberg)

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