Saturday, 29 December 2012

US economy shows more signs of growth

Friday brought yet more signs that the US economy is continuing to grow.

A report from the National Association of Realtors showed that its pending home sales index rose 1.7 percent in November to 106.4, the highest level since April 2010.

The MNI Chicago Report’s business barometer rose to 51.6 in December from 50.4 in November.

US stocks fell on Friday though. The S&P 500 lost 1.1 percent, its fifth consecutive day of decline, as investors continue to focus on the lack of progress on the budget.

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