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Industrial production slows in the US, picks up in Europe

U.S. industrial production was a bit disappointing in July, and from the chart above we can see that production growth has been slowing for the past few months. But that slowing is more than offset, from a global perspective, by a surge in German industrial production and some gradual improvement in Eurozone industrial production. The Eurozone appears to be coming out of its 2-year recession, and that is good news for Europeans and for the world.

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