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September 01, 2020 10:27am
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Good News On Production Is Overshadowed By The Yellow Caution Flag Of Flagging Real Retail Sales

Both total industrial production an its manufacturing component increased a sharp 0.9% in May. Even after downward revisions of -0.4% in March and -0.3% in April, both were still up 0.5% compared with where we thought we were one month ago.
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