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Manufacturing Struggles

12:27 PM MST | January 21, 2008 | Arnold Pearlman

The manufacturing sector of the U.S. economy continues to expand, but the rate of growth has slowed to a very low level, and there are some indications that manufacturing may be entering a recession, analysts say. Chemical production in November gained 0.5%, after dropping 0.7% the previous month. On an annualized basis, the output of chemical products has risen 2.3%, compared with an increase of 3.8% in 2006. There were modest gains in capacity utilization for the month, both in chemicals and in total manufacturing, as a result of higher output levels. Sales of...

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