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Midwest business growth highest in nearly a year

The pace of business activity in the U.S. Midwest rose to its highest level in nearly a year in February as new orders increased, a report showed on Thursday.

Consumers lift spending to pay for pricier gasoline

U.S. consumer spending rose in August as households stretched to pay for higher gasoline prices and factory activity in the Midwest contracted this month for the first time in three years, pointing to lackluster economic growth.

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