Posted: Feb 17, 2010 11:31 AM by Bea Karnes, News First 5
Updated: Feb 17, 2010 11:31 AM
A couple of economic reports today are boosting hopes for a sustained recovery.
Industrial production posted its seventh straight increase in January.
The Federal Reserve reported Wednesday that January's numbers rose in all three major categories: manufacturing, mining and energy utilities. That is the first such show of strength since August 2009. And home building posted a better-than-expected increase, with activity reaching its highest point in six months.
Applications for building permits, considered a good barometer of future activity, fell 4.9 percent to a rate of 621,000, but that was after two months of large increases.