Newsreel: U.S. auto sales beat expectations; Positive factory, consumer data
DETROIT — U.S. auto sales in February were slightly brisker than expected as hefty incentives lured customers into dealerships late in the month despite cold and snowy weather.
General Motors Co. said it expected industrywide U.S. auto sales of 15.4 million vehicles in February on an annualized basis, matching a forecast of analysts polled by Reuters.
U.S. factory activity rebounded from an eight-month low in February, and consumer spending rose more than expected in January, suggesting the economy was regaining some strength after a recent slowdown.
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