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Article: Other sectors will also contribute to a solid increase.(Washington Report)
- Article from:
- Modern Machine Shop
- Article date:
- October 1, 2005
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Other sectors will also contribute to a solid increase in real GDP. Consumer spending is being stimulated by increases in home prices and big discounts on new cars. Home sales remain strong, and applications for loans to purchase homes have risen further. Orders for nondefense capital goods, excluding aircraft, rose 3.8 percent in June, suggesting strong growth of capital spending this halt: The foreign trade balance, which improved in the second quarter, will probably deteriorate in the third, as the turnaround in inventory ...