Summary Box: Indicators stronger than expected

iht.com     Jul 26, 2008            

THE LATEST: A jump in military spending helped boost new orders for big-ticket durable goods by a surprisingly strong 0.8 percent in June while new home sales dropped by a smaller-than-expected 0.6 percent. Consumer sentiment rebounded slightly in July from a 28-year low. WHAT IT MEANS: Key sectors such as manufacturing, housing and the consumer may perform better in coming months. YES ... BUT: Analysts cautioned that the economy still faces many... [read full story]                    

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