Factory, construction growth boost 2014 outlook

Published January 2, 2014 6:56pm ET



WASHINGTON (AP) — Expectations are rising for a stronger U.S. economy in 2014 after reports Thursday showed solid growth in manufacturing and construction spending at the end of last year.

Factory activity in December stayed near a 2 ½ -year high. Americans are buying more cars and homes, increasing demand for steel, furniture and other manufactured goods. Manufacturers have boosted hiring to meet that demand and may add jobs at a healthier pace this year.

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