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U.S. Industrial Production Surprises to the Upside

February 17, 2010

The economic surprises continue to pleasantly surpass expectations. Today U.S. industrial production grew in January by 0.9% compared to the same month last year, and posted the first year-to-year growth in manufacturing output in 22 months, going back to March of 2008.

We continue to argue that the growing economic recovery supports our positive Generational Opportunity in equities over the next decade.

Source: Carpe Diem