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Long lead times persist for oil drilling rigs, mining equipment and some other specialized machinery, but generally companies face no supply limitations when considering expansion.
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That drilling continues to rapidly increase in efficiency, both its machinery and manpower, is also a permanent part of the landscape.
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Drilling further into the activity breakdown, the strongest upside contribution to IP again came from auto production, machinery, and oil and gas refining, which grew monthly by 4.7%, 5.2% and 5.7%, respectively.
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