Manufacturing gains signal staying power in January
U S economy shows resilience as ISM manufacturing index climbs to 63.6 in January from 63.4 in December. Consumer spending rose 0.4 percent in December after a 0.5 percent gain in November, with construction spending at a record annual rate of 933.2 billion dollars. Residential private builders led the rise, while manufacturing recovery broadens yet job growth remains limited.
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