As March Ends, a Mostly Positive Economy
Following the upside surprise for fourth-quarter U.S. GDP growth contained in a Mar. 29 report, data released on Mar. 30 tallying February income and spending provided a boost to prospects for the first quarter. Encouraging signals also came from other reports released on the final trading day of March: a big upside surprise for the March Chicago purchasing managers' index report, as well as weather-defying strength in the February nonresidential construction figures.
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