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Investor's Business Daily

| September 03, 2002 | COPYRIGHT 2003 Investor's Business Daily, Inc. (Hide copyright information)Copyright

July Consumer Spending Strong

1Spending rose 1%, above estimates. Durable goods spending surged 3.7% as automakers once again offered 0% loans. Year over year, spending rose 5%, the best since May '01. Adjusted for inflation, real spending growth was the best since Oct. '00. Consumers likely used debt and cash from refinancing to raise spending. Personal incomes were flat from June. More on this page

Midwest Manufacturing Picks Up

2The Chicago purchasers' index rose more than expected in Aug., gaining 3.4 points to 54.9. A reading above 50 indicates growth. New orders and output also showed bigger gains last month. But the employment index dropped, …

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