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Sunday, 16 February 2014 - 19:22
US factory output hit by 'severe weather'
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US factory output fell in January due to the "severe weather" that hit some parts of the country.

Output fell by 0.8%, the biggest drop in four-and-a-half years, the Federal Reserve said. Compared with a year earlier, output was up by 1.3%.

Car manufacturing was hit particularly hard, as many plants lost at least a day's production due to bad weather.

Analysts had been expecting a sixth straight monthly rise in overall factory output.
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