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Manufacturing output was unchanged for the month, but the output from utilities declined 1.8 percent, while the output from mines rose 0.1 percent.

Factory production was lifted "by a small pickup in the index for motor vehicles and parts", the monthly report said.

Excluding the motor vehicle industry, manufacturing declined 0.1 percent in May, following a 0.5 percent decline in April.

During the month, "the higher output of automobiles and light trucks was outweighed by lower production of medium and heavy trucks and truck trailers", the report said.

Production in defense and space equipment also declined in May, down 0.5 percent, contributing to a decline of 1 percent for the year in defense and space outputs, the report said.

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U.S. discussing plans to lift FDIC cap

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FDIC insurance added to bailout debate

Obama proposes raising FDIC limit

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FDIC-insured banks safe, FDIC says

Energy prices gain from financial fix

BOJ leaves interest rate unchanged

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New York area business mixed in report

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Mid-Atlantic manufacturing index drops

Industrial production slowed in May

Budget resolution squeaks through House

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May manufacturing flat in New York