Some more encouraging indicators in the US Economy
Posted by Stephen Cline on September 11th, 2010The US Economy is back on a roll, and this is something that even many of its staunchest critics will have to aver. In addition to this, it seems as if the US Economy is rebounding and recovering faster than many of its rivals in the world stage. Till now the manufacturing sector had been leading the recovery. But figures in March reveal that the sale of new houses has increased by as much as 27% in the month of March which is indicative of the rate of recovery of the US Economy. Again, you also see a situation where orders for durable goods have climbed at a fast clip, which is indeed quite good news all around.
There have been other indicators too that have been quite resoundingly encouraging, that include increase in stock prices and also pick up in business exports and investment which are said to increase the rate of job creation. This in turn is expected to boost the level of consumer spending on which more than 70% of the US Economy depends. It surely seems as of the US Economy is not limping but rather racing back to recovery which is very good news that so many people had been waiting so long for.
Tags: Indicators, US economy