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U.S. factory activity slips; construction spending hits one-year low
August 1, 2016 by admin · Leave a Comment
U.S. manufacturing activity eased in July amid shrinking order backlogs and declining employment, while an unexpected drop in construction spending in June suggested second-quarter economic was probably even weaker than reported last week. The Institute for Supply Management's (ISM) report on Monday also showed manufacturers ramping up production to an 18-month high even as factories continued…
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U.S. factory activity slips; construction spending hits one-year low