Gary's Blog

Thursday, March 4, 2010

More Indications of a Recovery

Manufacturing, construction and personal income, and spending are enjoying modest growth. Mfg output expanded in January for the seventh straight month. The manufacturing index read 56.5 for February. Anything above 50 indicates growth.

Personal spending rose more than expected, with a 0.5% increase in January..

The Institute for Supply Management said its employment measure grew for the fourth time in five months in January.

Housing construction rose 1.3% in January.

The Federal Reserve's survey of the nations 12 regions showed improvement in nine of the twelve regions. Bad weather set back the Richmond district. The Fed says that the record low interest rates are still needed to sustain the recovery. Good news for Maui real estate investors!


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