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Manufacturing, pending home sales fuel recovery hopes

WASHINGTON (Reuters) – U.S. manufacturing activity hit its highest level in 3-1/2 years last month and pending home sales contracts unexpectedly surged in September, allaying fears the economy’s budding recovery would falter.

November 2, 2009
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WASHINGTON (Reuters) - U.S. manufacturing activity hit its highest level in 3-1/2 years last month and pending home sales contracts unexpectedly surged in September, allaying fears the economy's budding recovery would falter.

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