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Byline: BARRY WHEELOCK
The Economy:
Industrial output rose by 1.7% in March from a year earlier (the weakest pace in 17 months), as increasing interest rates slowed demand and a stronger currency discouraged production of farming machinery and other goods for export.
According to the National Association of Vehicle Manufacturers (Anfavea), in April vehicle sales rose by 19.2% from a year earlier to 137,700 (as measured by new vehicle registrations, sales of cars, trucks and buses). In April vehicles sales declined by 7.9% from a month earlier, attributed to seasonal factors as opposed to an economic slowdown following a series of interest rate ...