Factory output extends solid gains in March
Factory output rose further last month, extending strong growth from February after harsh weather had caused production to tumble in January. Manufacturers produced more furniture, clothing, chemicals and aerospace products.
The Federal Reserve said production rose 0.5 percent in March after a revised 1.4 percent surge in February. Output has climbed 2.8 percent over the past 12 months.
Higher factory output is a sign of greater demand by businesses and consumers.
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