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U.S. Factory Output Fell in January on Boeing Production Halt

(Bloomberg) — U.S.factory output fell in January on the production halt for Boeing (NYSE:BA)Co.’s 737 Max, showing how the grounding of the troubled plane will weigh on manufacturing and the broader economy in coming months.

Manufacturing output declined 0.1% from the prior month, matching projections, after a downwardly revised 0.1% gain in December, according to Federal Reserve data released Friday. Total industrial production, which also includes mines and utilities, fell 0.3% as unusually warm weather held down energy output.

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