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Industrial production up in May

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(Read caption) Industrial Production May 2010

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Today, the Federal Reserve released their monthly read of industrial production showing continued growth with total industrial production increasing 1.24% from April and 7.62% since May 2009.

While this report appears to argue favorably for a continued recovery, it's important to note that massive government stimulus played an important role in generating this trend.

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With the the stimulus now waning, it will be important to watch the trend in industrial production to see how sustained the growth truly is.

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