Positive signs for the economy

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Positive signs for the economy
Companies cranked out more goods in December and pending sales of existing homes jumped in November for a second month, pointing to a pickup in U.S. economic growth as 2011 comes to a close, Bloomberg reported. The Institute for Supply Management-Chicago Inc. said Thursday that its business barometer was at 62.5, little changed from a seven-month high of 62.6 in November. The index of signed contracts to buy previously owned houses rose 7.3 percent after climbing 10.4 percent the prior month, the National Association of Realtors said.
Companies cranked out more goods in December and pending sales of existing homes jumped in November for a second month, pointing to a pickup in U.S. economic growth as 2011 comes to a close, Bloomberg reported. The Institute for Supply Management-Chicago Inc. said Thursday that its business barometer was at 62.5, little changed from a seven-month high of 62.6 in November. The index of signed contracts to buy previously owned houses rose 7.3 percent after climbing 10.4 percent the prior month, the National Association of Realtors said.