Business: Signs of Rise

Most of the familiar economic indicators last week pointed upward:

∙INDUSTRIAL PRODUCTION rose in December to a record 115% of the 1957 average, up one point from November and 13 points above last February's recession low.

∙NEW ORDERS for durable goods, spurred in part by hedge buying of steel against the possibility of a strike in July, climbed to a near-record $16.4 billion in December. One strong sign of confidence: new orders of durable goods ran well ahead of sales ($15.8 billion).

∙AUTO SALES spurted 18% ahead of last year's pace in the first ten days of January. From Oct. 1 through Jan. 10,...

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!