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LATEST US DATA

Production in June grows at the fastest pace in 5 months

Domestic demand is allowing factories to withstand sluggish overseas economies

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Without stronger business investment to complement a rebound in consumer spending, a more pronounced pick-up in manufacturing that spurs the economy may prove elusive.

Washington

MANUFACTURING expanded in June at the fastest pace in five months, indicating domestic demand is allowing America's factories to withstand sluggish overseas economies.

The Institute for Supply Management's (ISM) factory index increased to 53.5 in June from 52.8 the prior

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