Industrial production in the U.S. decreased by much more than expected in the month of December, according to a report released by the Federal Reserve on Wednesday.
The Fed said industrial production slid by 0.7 percent in December after falling by a revised 0.6 percent in November. Economists had expected industrial production to edge down by 0.1 percent compared to the 0.2 percent dip originally reported for the previous month.
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