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U.S. Factory, Consumer Spending Data Point To Improving Economy

wochit business
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March 10, 2014 AT 4:40 AM
U.S. factory activity rebounded from an eight-month low in February and consumer spending rose more than expected in January, suggesting the economy was regaining some strength after a recent slowdown. The signs of momentum were also evident in other reports on Monday, that showed a brisk increase in automobile sales in February and a surprise gain in construction spending in January, despite unseasonably cold weather.