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Newspaper
Odessa American
Location
Odessa, Texas, United States of America
Date
Sep 03, 2015
Page
3
U S manufacturing grew in August at the strongest pace in over three years as orders rose and factories produced more goods. ISM index climbed to 59, production and new orders hit multiyear highs, exports mixed amid global slowdown.
President Obama and Western allies plan to position at least 4000 troops and military equipment in Eastern Europe ahead of a NATO summit to bolster security near the Russian border. He will visit Tallinn, Estonia, to meet Baltic leaders in a show of solidarity as Ukraine fights Moscow-backed separatists and Russia denies invasions.
U S construction spending rebounds in July by 1.8 percent to an annual rate of 981.3 billion, the strongest gain since May 2012, with housing nonresidential and government projects all up. Housing up 0.7 percent to 358.1 billion, single family homes up 0.5 percent and apartment buildings up 0.2 percent. Spending is 8.2 percent higher than a year ago.
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