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By Ian Walker
US manufacturing output climbed 0.7% in February, the largest rise in three months, according to data from the Federal Reserve in Washington. This report from Bloomberg shows the implications of February’s success – with manufacturing accounting for 12% of the economy, the future “looks good” for the ongoing recovery in the world’s largest economy. Doubts remain, however, over the future direction of the economy once the Federal budget cuts begin to bite, and the American consumer appears to be “uneasy”.
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