U.S. Economy Could Be Poised For Stronger Growth

U.S. Economy Could Be Poised For Stronger Growth

- in Money

Chris Arnold 2010Chris Arnold for NPR

A couple of indicators just out suggest the U.S. economy might be getting ready to shift into a higher gear.

  • Overall industrial output rose at twice the rate most economists had predicted — with the strongest monthly gain in more than a year.
  • The U.S. Federal Reserve said manufacturing and factory output rose as well. That’s a positive sign because economic trouble abroad has put a damper on demand for U.S. manufactured goods.
  • At the same time, retail sales data was strong. And domestic spending is of course the most powerful driver of the U.S. economy.
  • Homebuilders also broke ground on more new houses in April — housing starts rose 6.6 percent (seasonally adjusted), which was better than economists predicted.

Read more at NPR

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