NEW YORK, Aug 28 (Reuters) - Midwest factory activity expanded in July, led by increased machinery and steel output, the Chicago Federal Reserve said on Monday. The regional central bank's Midwest manufacturing index climbed to a seasonally-adjusted 107.6 last month from 107.0 in June. By most accounts, U.S. economic growth has slowed considerably in the second half of the year as consumer spending eases. Some economists hope business investment will pick up the slack from a flagging ...
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