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I WILLIAMSBURG—After a ■spectacular performance during [July, the state’s economy in August ] settled into the more modest growth i pattern expected for the last quarter [of 1987, according to the latest Viriginia Business Report from the College of William and Mary’s Bureau of i Business Research. ; Roy L. Pearson, director of the 'bureau and editor of the monthly re[port, says, “August did not produce strong across-the-board growth in [Virginia or most of its urban areas.”
The state’s economic growth [“spotlight” remains on the Shenan•doah Valley, said Mr. Pearson, with [the city of Staunton showing strong increases in building permits, new 'car registrations, and retail sales. Compared to August 1986, Staunton .showed a 30.2 percent increase in retail sales, a 3.8 percent increase in
90.0%