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WRAPUP 2-Solid construction, auto sales data boost U.S. growth picture

2014-12-03 12:05:43| Auto Dealers - Topix.net

U.S. construction spending recorded its largest gain in five months in October, easing concerns of a sharp slowdown in fourth-quarter economic growth. "The economy is on firmer ground than people think, it remains a beacon of light in a world where growth in many countries remains subpar," said Chris Rupkey, chief financial economist at MUFG Union Bank in New York.

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