
It is true that the-signs of recovery are multiplying. As expected, consumer spending by American households rose again in March, 0.6% annual rate, according to figures released Monday, posting their sixth consecutive months of increases. Their disposable income has rebounded 0.2%, while it stagnated for three months.
Effect of improvement in consumption, the savings rate to 2.7% of their disposable income is at its lowest level since September 2008.
More surprising is the restart of construction spending which fell for four months. They are lifted by 0.2% in March compared to February. While private construction does not follow, down 0.9%, but public construction spending posted a 2.3% increase, buoyed by the support of federal states and local communities, says the Commerce Department.
They were most recently shamed by the chairman of the Fed (Federal Reserve) BernankeWho saw them as the main obstacle to any real renewed optimism about the U.S. economy.
Another hint especially encouraging released Monday, the purchasing managers in manufacturing, ISM. It rose by nearly one percentage point in April to 60.4 against 59.6 in March. Specialists do not see it cross the 60 mark so quickly. Yet he now finds himself at the highest levels since the month of June 2004.
"Overall, the recovery of the manufacturing sector remains quite strong and everything indicates a continued growth", says the institute, which is more particularly the "extraordinary vitality" of new orders and continued hiring in the sector.
Remains a black spot inflation. After reaching 1.8% in February, it rose to 2% over the year to March. One that not yet worried about the Federal Reserve.
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