U.S. gains indicated
NZPA-Reuter Washington The U.S. economy gained momentum, mainly in the retail and manufacturing sectors, in December and early January, compared with the previous six weeks, the Federal Reserve Board said.
Summarising reports on regional economic conditions, the Fed said: “It would appear, on the basis of these reports, that the national economy gained momentum in recent weeks as consumer spending strengthened, manu-
facturing activity continued to rise, and producers scheduled more investment in plant and equipment.” Outside of the retail and industrial sectors, activity was mixed and showed little change from recent levels,
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Press, 27 February 1989, Page 29
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96U.S. gains indicated Press, 27 February 1989, Page 29
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