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Business Boom Persists Amid Rising Confidence
New York reports show consumer purchases offset defense cuts with strong gains in homes, machinery, and construction. General Motors announces a 500 million expansion while government forecasts push total construction to a record 42 billion for the year, with home and commercial building up. Industry braces for possible slowdown yet remains optimistic as steel, aluminum, and machine tool demand surges and stock markets reach all time highs.
MENTIONED IN THIS ARTICLE
New York
Department of Commerce
General Motors
Commerce and Labor
U. S. Chamber of Commerce
Ry BU
National Machine Tool Builders Assn
Cleveland
Hines