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Manufacturing picks up, construction spending falls

from The Associated Press via USA Today

U.S. factory activity expanded in July at the fastest pace in two years while spending on U.S. construction projects fell in June by the largest amount in five months as government building activity declined to the lowest level since 2006. The manufacturing spike was fueled by surges in new orders, production and hiring. The gains show manufacturing is rebounding and should provide a spark to growth in the coming months. more

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