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September Economy Outlook Mixed As Retail Buoys Yet Worries Grow
Business Mirror reports brisk back to school buying and rising service costs aid consumer spending while durable goods makers anticipate a September shift. Banks note less cash withdrawal over Labor Day but indicate heavy borrowing needs. July installment debt climbs $2 billion, car and appliance purchases drive high balances. Dealers rush to clear stock before new models arrive. layoffs soften home appliance output.
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