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Manufacturing Slump Deepens in June Ninth Straight Decline
Washington reports June manufacturing activity fell 0.7 percent after May's 0.5 decline, the sharpest since January. Output in factories and utilities dropped, while gas and electric utilities rose. The data hint at ongoing recession risks despite Fed rate cuts. The Greenspan testimony looms as analysts weigh future policy.
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Washington
Federal Reserve
Wall Street
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Alan Greenspan
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Greenspan
National Association of Purchasing Management