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Topic - Tim Quinlan
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Mr. Quinlan said the absence of the usual summer shutdown at automakers this year to retool plants for the new model year appears to have wreaked havoc with the Fed's seasonal adjustment figures and made them less accurate.
"The recovery of industrial production has continued with little interruption since July of 2009, but the pace of expansion is slowing," said Tim Quinlan, economist with Wells Fargo Securities, adding that "after scrimping during the recession, businesses appear to be updating their hardware."