The Economy: Where TheGrowth Is


Every week the surging U.S. economy packs a few more happy surprises and leaves some old records behind. Last week the Government reported important gains in retail sales, inventory buying and capital spending. While businessmen last February budgeted a 0% increase in capital spending for 1964, the Commerce Department reports that they now plan a 12% gain, to almost $44 billion. The benefits will be uneven; the U.S. economy is so varied that some regions of the country are clearly doing better than others. A comparison by regions:

The South, which paced the nation with a 6% rise in personal...

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