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Report: US Manufacturing Grows More Slowly

A series of reports Wednesday painted a mixed picture of the U.S. economy, with a measure of manufacturing showing a slight drop. The Institute for Supply Management, a trade group, said U.S. factory output grew more slowly in September, after strong gains the prior month. Its index of national factory activity dropped to 56.6 last month, its lowest level since June. A reading above 50 indicates expansion, Reuters reported. Analysts at TrimTabs, which tracks income tax receipts for...

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