Business: Quickening Recovery

Washington's statisticians released still more figures showing that the economy's rebound from recession, already sharper than in any other postwar upturn, is picking up speed. Items:¶ Industrial production for July stood at 133 on the Federal Reserve's index, up three points since June and seven points higher than the recession low of 126 in April (see chart). At this rate, say economists, the pre-recession level of 145 in August 1957 may well be topped before year's end.

¶ Personal income rose to an annual rate of $354.5 billion in July, highest in history. The new level was $2.5 billion higher than in...

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