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October 22, 2009

Housing, manufacturing drive recovery

  • A new Fed survey says the weakest link in the recovery is commercial real estate.
  • By JEANNINE AVERSA
    AP Economics Writer

    WASHINGTON — Improvements in housing and manufacturing are driving the early stages of the economic recovery, according to a Federal Reserve survey released Wednesday.

    The Fed's latest snapshot of business conditions nationwide found “many sectors” of the economy either stabilized or logged modest improvements over the last six weeks. The pickups, though, often were from “depressed” levels of activity.


     
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