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U.S. services sector, factory data point to solid economic growth

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WASHINGTON, Aug 5 (Reuters) - U.S. services sector activity hit an 8-1/2 year high last month and factory orders surged in June, bolstering expectations of solid economic growth in the third quarter.

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Tuesday's reports added to employment and consumer spending data in suggesting sustained momentum in the economy that could bring the Federal Reserve closer to raising interest rates.

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