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U.S: Industrial Production in February contracts by 2.2%

Adel 16 March, 2021 5:47 pm Market Update

Industrial Production in the United States contracted by 2.2% on a monthly basis in February, the US Federal Reserve reported on Tuesday. This reading followed January’s expansion of 1.1% and missed the market expectation for an increase of 0.6% by a large margin.

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