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LATEST US DATA

Manufacturing stabilising as durable orders rise in May

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A gauge of US business investment spending plans rose in May in a tentative sign of stabilisation in the manufacturing sector, which has been weak since the late summer of 2014.

Washington

A GAUGE of US business investment spending plans rose in May in a tentative sign of stabilisation in the manufacturing sector, which has been weak since the late summer of 2014.

But the lingering effects of lower oil prices and a strong dollar will continue to constrain

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