US Factories, Builders Lift Economy: New July Reports

US Factories, Builders Lift Economy: New July Reports

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construction worker VA DOT photoThe U.S. economy looked more resilient Wednesday after reports showed factories produced more goods in July and homebuilders grew more confident in the housing recovery. Industrial output expanded at the fastest pace since April.

Other encouraging gains included July reports that showed consumers stepped up retail spending and employers created the most jobs since February.

(READ the AP story at ABC News)

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