By Mark Memmott

Production at the nation's factories, mines and utilities declined 0.4% in June from May, the Federal Reserve just reported.

But that's much less of a decline than the 1.2% drop in May. The Associated Press says the news may be "another sign the recession is easing its grip." Bloomberg offers a similar spin.

For much more on the economy's ups and downs, see Planet Money.

9:49 - July 15, 2009

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