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Industrial Production in U.S. Rises for a Fifth Month

Industrial production in the U.S. rose for a fifth month in December, capping the strongest quarter since 2010 and indicating manufacturing is helping propel the economy.

Output at factories, mines and utilities climbed 0.3 percent after a revised 1 percent increase in November, figures from the Federal Reserve showed today in Washington. The gain matched the median forecast of economists in a Bloomberg survey. Manufacturing production rose more than projected.