Industrial production exceeds August expectations ...Middle East

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Industrial production exceeds August expectations
U.S. industrial production came in hot in August, with gains in mining output and defense production contributing to an upside surprise. The index for industrial production rose by 0.4 percent in August after advancing by 0.7 percent in July, the Federal Reserve reported Friday. Total production increased to 103.5 percent of its 2017 level, 0.2 percent above where it was the year before. The consensus estimate for August had been for a 0.2-percent increase. Production has beaten expectations every month since April. The operating level for mines, factories and utilities also advanced in August, rising to 79.7 percent of total capacity from 79.5 percent in July and 79 percent in J

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