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TerryBrival - Amid likelihood of the US economy starting a double dip recession and experiencing deflation, came a glimmer of hope, around factory output growing 1.1 percent in July over the output in June. The growth was the quickest in a year and was a key economic parameter, the development in which provided some respite to policy makers in the otherwise gloomy economy.

nokia - However, as a matter of abundant caution it might be noted the July growth figures come on the foot of June figures plus the month of June US factory output including that from mines and utilities fell by 0.1 percent. Also, it might be noted the surge in July is more with different increase in car production. Analysts suggest that the July growth number is more like a statistical anomaly and will not indicate any much of a strong revival.

samsung - The US housing marketplace stayed sluggish, with single family home construction falling 4.2 percent and new building permits dropping 3.1 percent. Construction of latest small apartments increased 1.7 percent in July as per the usa Commerce Department. However this represents a very small proportion from the housing market. A sustained development in the housing sector is essential for the US economic recovery as it was the trigger of the ongoing economic slump. A pickup sought after for new homes will give you the indication that employment is obtaining in a sustainable way and individuals are venturing out to get new homes and not hoarding cash because of economic uncertainty.