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And Europe, a key export market for the United States, remains stuck in recession. That has meant fewer purchases of U.S. goods. In the first three months of the year, U.S. exports to Europe fell 8 percent compared with the same period a year ago However, not all areas of manufacturing are facing troubles. Automakers are reporting solid sales. Ford Motor Co. said U.S. sales rose 14 percent in May as demand for its F-Series pickup reached a six-year high. And Nissan's U.S. sales jumped 25 percent compared with a year ago. There are signs that manufacturing may pick up in coming months. U.S. factories saw orders increase in April after a steep drop in March. And consumers have continued to increase their spending this year, despite higher taxes that have reduced their take-home pay. Retail sales increased 0.6 percent in May, fueled by more purchases of cars and trucks, home improvements and sporting goods.
[Associated
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