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Industrial Production Fell 2.0% In December

(RTTNews) - Industrial production fell by much more than expected in the month of December, according to a report released by the Federal Reserve on Friday, with the report also showing a notable downward revision to output in the previous month.

The report showed that production fell by 2.0 percent in December following a 1.3 percent decrease in the previous month. Economists had been expecting production to fall 1.0 percent compared to the 0.6 percent decrease originally reported for November.

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