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Last week brought bullish indications for industry recovery, with Omnicom and WPP Group reporting positive results for the third quarter and the U.S. economy surging during the period.
Omnicom’s organic revenue, which excludes the impact of acquisitions and currency fluctuations, rose a better-than-expected 5.2 percent, up from 2.6 percent in the first and second quarters. While WPP posted a more modest increase of 1 percent, it was the first time in two years that the company showed a gain in the quarter.
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