Mining, utilities sink U.S. industrial production

April 15, 2015 3:11 PM

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Mining, utilities sink U.S. industrial production

WASHINGTON (Reuters) - U.S. industrial output posted its biggest drop in more than 2-1/2 years in March in part as oil and gas well drilling plummeted, highlighting the negative impact of lower crude prices and a strong dollar on the economy.

The dour report from the Federal Reserve on Wednesday was the latest sign that growth slowed sharply in the first quarter.

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