STATE OF BUSINESS: Surge Still Ahead

The rush to buy sent manufacturers' sales in April smashing through their pre-recession peak, reported the Commerce Department last week. Sales reached $30.2 billion v. $29.1 billion in March, and new orders also set a record by climbing $800 million above March. For this reason—and other signs of heartiness in the economy—Commerce Department reported that the recovery is proceeding "at a better-than-seasonal pace and on a broadening scale." But it pointed out that the upward surge of the boom is still ahead: despite a 2% rise in industrial output above pre-recession highs, the rise is so far not as...

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