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Tuesday, July 31, 2012
Released at 8:30 a.m. Eastern time
Real gross domestic product edged up 0.1% in May, after increasing 0.3% in April. The output of service industries rose 0.1% in May, while goods production was unchanged.
The Industrial Product Price Index declined 0.3% in June compared with May. The decrease was largely attributable to lower prices for petroleum and coal products (-5.0%), but was partly offset by an increase in motor vehicles and other transportation equipment (+1.0%). The Raw Materials Price Index fell 4.0%, mainly as a result of crude oil (-10.1%).
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