01-05-2015 19:40 via news.yahoo.com

Anemic U.S. factory data points to moderate growth bounce

By Lucia Mutikani WASHINGTON (Reuters) - U.S. factory activity failed to gain steam in April after slowing for five straight months, but stronger-than-expected vehicle sales suggested the economy was finding some momentum after almost stalling in the first quarter. Still, the sluggishness in the manufacturing sector and other data on Friday showing construction spending hit a six-month low in March indicated that the anticipated acceleration in growth in the second quarter could disappoint. The
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