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Manufacturing is recovering nicely and the ludicrous levels of household spending is slowing, which is actually a good thing (since a lot of that spending is debt increasing).

Household spending was mixed. Furniture and appliance sales continued to expand steadily. Housing levelled off, largely because housing starts returned to more normal levels after receiving a boost from the unseasonably warm start to the year. Purchases of other durable goods fell for a second straight month, largely due to slower auto sales.

Good to read that.

Did you notice a big change? Hope not, I am taking small steps towards revamping the site's look, so this is the NEW blogspot format, which I will try to fix up a little, and then move to a new look. Mrs. C8j has given her seal of approval so far, and that is all I can hope for.

Related Links

• Canadian Economy Chugs along for March 2007
• What is a Leading Indicator?

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