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2nd Mar 10
Web TeamNEW YORK (AP) — Mixed reports Monday on manufacturing, construction and personal income and spending made clear that the economy is enjoying modest growth even though the recovery remains fragile.
Manufacturing output expanded in February for a seventh straight month. Factory output has provided one of the few areas of strength for the economy. Still, the growth in manufacturing activity slowed compared with January and fell short of economists’ expectations.
In addition, construction spending fell for a third straight month in January. And though personal spending rose slightly more than expected, Americans’ incomes scarcely budged. In part, that was because Social Security recipients didn’t get their usual cost-of-living boost.
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