Saturday, June 9, 2007

US data shows economy is poised for better growth

Data shows economy poised for better growth (Reuters)

Shipping containers arrive at Port Newark and are inspected by the United States Customs and Border Protection service in Newark, New Jersey February 24, 2006. The trade deficit shrank much more than expected in April to $58.5 billion, as the weakening U.S. dollar appeared to depress import demand and help push exports to a record, a U.S. Commerce Department report on Friday showed. (Chip East/Reuters)Reuters - The U.S. labor market is holding steady, businesses are rebuilding inventories and the consumer is still spending, all signs pointing to stronger economic growth in the latter part of this year.


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