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U.S. industrial production edges down in March

Xinhua, April 15, 2015 Adjust font size:

The U.S. industrial production, an indicator of mines, factories and utilities output, decreased 0.6 percent in March after increasing 0.1 percent in February, the Federal Reserve reported Wednesday.

For the first quarter of 2015 as a whole, industrial production declined at an annual rate of 1 percent, the first quarterly decrease since the second quarter of 2009.

The decline last quarter resulted from a drop in oil and gas well drilling and servicing of more than 60 percent at an annual rate and from a decrease in manufacturing production of 1.2 percent.

The manufacturing output, the largest component of the overall industrial production, moved up, while the production for mining and the output of utilities fell. Endi