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In economic news, manufacturing activity in the United States grew in January for a sixth consecutive month to the strongest level since August 2004, according to the Institute for Supply Management.
WASHINGTON (Reuters) — Consumer spending in the United States rose more than expected in December to post a sixth consecutive month of gains as households drew down on their savings to finance purchases, government data showed on Monday.
In a report on Thursday, the Fed said that factories produced more cars, appliances, computers and furniture in February, lifting manufacturing output for a sixth consecutive month.
Automakers said this week that sales dropped in June for a sixth consecutive month, falling by 3percentt from a year ago, a trend that analysts do not see letting up anytime soon.
[C6.] Consumer Borrowing Rose in May Consumer borrowing rose for a sixth consecutive month in May.
German business confidence is sinking for a sixth consecutive month, according to the latest survey by the Ifo Institute.
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Consumer price-inflation fell for a third consecutive month in July, to 6.3%.
In the United States, a survey showed manufacturing expanded for an eighth consecutive month in March.
The October report was another indication that a weak dollar and stronger growth overseas are increasing exports, which rose for an eighth consecutive month to a record $141.7 billion.
An index measuring new orders stayed below 50 for a third consecutive month in September.
Another report today showed that Chicago-area manufacturing expanded in March for a second consecutive month.
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