NAM Calls Dip In Manufacturing Production A Breather

“The mild decline in overall industrial production in June was a predictable breather following robust growth in preceding months,” said Jerry Jasinowski, president of the National Association of Manufacturers (NAM). The Federal Reserve reported that overall industrial production declined 0.3 percent in June, with the biggest decline in utilities.

“The weakness in utilities reflected unseasonably mild weather,” Jasinowski said. “Manufacturing industrial production edged down a slight

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