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Economy Living Up To Billing
The first quarter shows gains over a year earlier across most economy sectors with higher personal incomes driven by faster business activity and government actions. Industrial production rose to 127.1 percent of the 1957-59 average, housing starts up 9 percent from December and 26 percent above a year ago, while retail sales remain 3 percent higher than last year. Industrial output and auto production in Detroit bolster optimism despite severe winter weather impacting payrolls and farm income dipping to 16.7 billion annual rate.
MENTIONED IN THIS ARTICLE
Sam Dawson
AP Business News
NEW York
Veterans Insurance
Detroit