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Manufacturing Bucks Trend

12:44 PM MDT | October 31, 2011 | —Arnold PEarlman

The third, and more or less final, estimate for the growth in U.S. GDP during the second quarter came in at 1.3%, compared with the second estimate of 1% and the initial compilation of 1.3%. Although the rate of expansion is slow, it remains significantly ahead of the 0.4% recorded in the first three months of the year. Second-quarter GDP shows very sluggish consumer spending countered by an acceleration in investment spending, outlays on new residences, and a turnaround in defense spending. There was also a deceleration in inventory investment, leading final...

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