The rosy statistics generated by the vigorous U.S. economy last week no longer spelled mere recovery. They gave every indication that the U.S. is in another boom. Items:
¶ Construction contracts in March soared 23% above a year ago to reach a new record for the month. Biggest gain: single-family houses, which went up 49% above a year ago. Apartment units also registered a sharp gain.
¶ U.S. department store sales rose 6% over the same week last year, are already up 8% for this year so far.
¶ The nation's steel companies continued their record-setting production pace, operating at 94.8%...
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