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    U.S. Factory, Consumer Spending Data Point To Improving Economy

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    Wochit Headline News

    by Wochit Headline News

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    U.S. factory activity rebounded from an eight-month low in February and consumer spending rose more than expected in January, suggesting the economy was regaining some strength after a recent slowdown. The signs of momentum were also evident in other reports on Monday, that showed a brisk increase in automobile sales in February and a surprise gain in construction spending in January, despite unseasonably cold weather.