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Industrial production in the U.S. rose by more than expected in the month of March, the Federal Reserve revealed in a report on Wednesday, with the report also showing a notable upward revision to the pace of production growth in the previous month.
The Fed said industrial production increased by 0.7 percent in March after surging up by an upwardly revised 1.2 percent in February.
Economists had been expecting production to rise by about 0.5 percent compared to the 0.6 percent increase originally reported for the previous month.
