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Wed Nov 28, 2012, 11:04 PM

Fed survey: US economy growing at steady pace

Source: AP-Excite

By MARTIN CRUTSINGER

WASHINGTON (AP) - A pickup in consumer spending and steady home sales helped lift economic growth from October through early November in most parts of the United States, according to a Federal Reserve survey released Wednesday. The one exception was the Northeast, which was slowed by Superstorm Sandy.

Growth improved in nine of the Fed's 12 regional banking districts, the survey said. Growth was weaker in New York, Philadelphia and Boston - areas where Sandy caused widespread disruptions.

The survey noted that growth was better despite nervousness about the "fiscal cliff." That's the name for automatic tax increases and spending cuts that could kick in next year if Congress and the Obama administration can't reach a budget deal before then.

Hiring increased in more than half of the districts. But manufacturing shrank or slowed in seven regions and was mixed in two others.

FULL story at link.


Read more: http://apnews.excite.com/article/20121128/DA2R7F100.html





In this Friday, Nov. 16, 2012, photo, Nancy Barch, left, and Itzel Nino work on assembly line at Generac Power Systems, Inc., one of the largest makers of residential generators in the U.S., in Whitewater, Wis. A pickup in consumer spending and steady home sales helped lift economic growth in October and early November in most parts of the United States, according to a Federal Reserve survey released Wednesday. The one exception was the Northeast, which was slowed by Superstorm Sandy. (AP Photo/Nam Y. Huh)

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Reply Fed survey: US economy growing at steady pace (Original post)
Omaha Steve Nov 2012 OP
damonm Nov 2012 #1
DJ13 Nov 2012 #2
demosincebirth Nov 2012 #3

Response to Omaha Steve (Original post)

Wed Nov 28, 2012, 11:26 PM

1. Poor Conservatives...

Their fact-free world crumbles around them...

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Response to Omaha Steve (Original post)

Wed Nov 28, 2012, 11:57 PM

2. Now is the perfect time

to impose austerity.

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Response to Omaha Steve (Original post)

Thu Nov 29, 2012, 12:21 AM

3. I hope it blows the roof off by '14 elections

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