If the U.S. economy last week showed few signs of steady advance, it also demonstrated the sturdy holding power that has resisted any sharp slide. The Federal Reserve Board's index of industrial production, which many economists feared might dip noticeably in October, stayed just about steady at 107, the same as September, but 3% below the average for 1960's first half.

Personal income in October rose to a new record, further building up a force that eventually may give the economy the energy it needs to leap ahead. Department-store sales for the last week climbed to their highest level...

Want the full story?

Subscribe Now


Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!