Wednesday, July 20, 2011

Strong foreign demand drives US manufacturers

By Scott Malone and Nick Zieminski

BOSTON/NEW YORK |
Wed Jul 20, 2011 1:30pm EDT


BOSTON/NEW YORK (Reuters) - Strong demand from emerging markets is driving profit growth for U.S. manufacturers this year, but executives do not expect that to be much of a lift for the sluggish U.S. economy.

In fact, a top executive at United Technologies Corp (UTX.N) attributed the 18.9 percent rise in profit at the world's largest maker of elevators and air

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