Now that the good weather is upon us analysts can say with confidence that last winter’s improved economy was in fact not related to the weather.
Building new homes is up to close to a three-year high, and factory production has gone up in three out of this year’s first four months.
New data released this past Wednesday indicate that second quarter growth (April-May-June) has begun well, with every reason to believe that it can be sustained. Contributing to this optimistic outlook are cheery statistics, including falling gas prices, and real gains in employment. The fears of a ‘slump of spring’ are dissipating.
"It's all very encouraging," said Paul Ashworth, chief U.S. economist at Capital Economics. "Things look good at the moment."
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