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Latest Capital Economics Items
U.S. manufacturing is recovering from a slump, and inflation may be peaking, according to data issued Wednesday that point to an economy growing slowly but steadily. Still, surging oil prices and a possible European recession threaten to drain the economy's momentum.
Consumers are giving a modest lift to the economy. They spent more on trucks, electronics and building supplies in October to boost retail sales for the fifth straight month.
A summer of modest economic growth is helping dispel lingering fears that another recession might be near. Whether the strength can be sustained, though, is far from clear.
Factory output rose for a third straight month in September, a sign the U.S. economy is growing slowly. Manufacturers made more airplanes, trucks and home electronics to meet rising demand.
The number of Americans seeking unemployment benefits fell sharply last week, an encouraging sign that layoffs are easing.
Employers stopped adding jobs in August, an alarming setback for an economy that has struggled to grow and might be at risk of another recession.
Consumer spending grew in July by 0.8 percent, the largest amount in five months. That increase followed a decline in June and helped ease fears that the U.S. economy is on the verge of another recession.
Federal Reserve Chairman Ben Bernanke leaned on Congress on Friday to do more to promote hiring and growth, or risk delaying the economy's return to full health.
Service businesses such as restaurants, hotels and financial companies experienced their weakest growth in 17 months in July.