State of Business: The Economy: UP

Scanning the latest electrocardiogram readings on the heart of the U.S. economy, Commerce Department Economist Irving Rottenberg quipped: "The optimists are beginning to firm, and the pessimists are beginning to squirm." Items:

> Urban housing starts recovered from a deep slide in September to score a 17% rise in October, when they ran at an annual rate of 1,460,000 (see below).

>Personal income registered its biggest increase since April, climbed $2.1 billion in October to a record annual rate of $445.6 billion.

> New orders for durable goods followed their 1% rise in September...

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