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WASHINGTON (AP) - Industrial output fell in February by the biggest amount in four months, providing yet another gloomy assessment of the economy's health.
The Federal Reserve said Monday that output at the nation's factories, mines and utilities dropped by 0.5 percent in February, the biggest decline since a 0.6 percent fall last October.
It was a far weaker reading than the slight increase of 0.1 percent that many analysts had been expecting. It served to underscore the severity of the current economic slowdown.
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