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Growing Momentum in US Economy: New Data

avatar By Jeanne Goddard

23 Mar 2013 32 views
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Growing Momentum in US Economy: New Data
A clutch of data pointed to growing momentum in the economy during the first quarter, with jobless claims trending lower and factory activity and homes sales both on the rise.

A clutch of data pointed to growing momentum in the economy during the first quarter, with jobless claims trending lower and factory activity and homes sales both on the rise.

The reports on Thursday built on recent upbeat data on hiring and consumer spending that have led many economists to see a sharp rebound in economic growth despite the onset of increased fiscal austerity.

(READ the report from Reuters)

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