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Economy

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Factory Output Jumps 0.7 Percent In January

February 15th, 2012 2:48 pm Associated Press

WASHINGTON (AP) — U.S. factories boosted output last month and December ended up being their best month for growth in five years. Busier factories are helping drive the economy.

The Federal Reserve said Wednesday that manufacturing production increased 0.7 percent in January. And output soared 1.5 percent in December, according to an upward revision. That was the biggest gain since December 2006.

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