Thursday, April 16, 2009 at 11:13AM | Staff More Good News: The Economy Is Improving!
Yes, the United States economy is showing signs of improvement! The improvements are relatively small, but they are improvements none the less. It shows that we are beginning to turn the corner in this economic cycle.
GDP for the first quarter of 2009 are due out later this month. GDP will be better than the fourth quarter of 2008 in yet another sign tht the recession is easing up and the economy is ready to get back on track, albeit slowly.
Sales of new and existing homes continue to trend higher. This has been fueled by lower interest rates and the tax credit for first time home buyers. The index of manufacturing purchasing managers also saw an slight increase for three months. Sales of new cars and light trucks increased in March 2009.
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