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Medical equipment output remains strong despite drop
The Federal Reserve Board's monthly index that measures U.S. industrial production of medical equipment and supplies registered 120.8 in April (in 2002, it was 100). This value was down slightly from the previous month, but it represented a gain of almost 6 percent from the same month a year ago. For the year to date, the total U.S. output of these products is up 4 percent from the comparable period in 2013. I expect this pace of growth will be sustained through the second half of this year.
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