Word: uptrend
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Dates: during 1950-1959
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Despite such notes of cheer, the Federal Reserve Bank of New York, which has frequently disagreed with the economic views of the FRB, remained cautious. While recovery is undoubtedly under way, said the New York bank, the vigor and steadiness of the uptrend is still uncertain...
...uptrend, said G.M.'s boss, has already begun. Industrial production has recovered from the April low; housing starts, retail sales, Government expenditures and personal income are all moving up (see below). And for the longer term -by 1965-Curtice was even more optimistic. Reasons...
...road to recovery. From last year's disappointing record of 990,000 starts, home building jumped in January to an annual rate of 1,030,000 starts, about 3% better than expected. Although storms and snow chilled the pace in February and March, builders point to a continuing uptrend in the South and West, expect the first sign of spring to thaw out a rush of weather-stalled starts...
...freight car-loadings, which had one of the worst slides, may have hit bottom. Though car-loadings for the year are still 17.5% below 1957, railroaders attribute at least part of the trouble to winter snows that tied up Eastern lines during February, and note a small but definite uptrend so far in March. A second hint that companies may start ordering soon: during a walkout at Aluminum Co. of America's Alcoa (Tenn.) plant late in January, General Electric Co. got a court order after four days to enter the plant and get desperately needed aluminum...
...Federal Reserve Board reported that, in September's last week business loans fell by $203 million. In the key New York area, loans last week also bucked the usual seasonal uptrend, declining by $15 million; in the same week last year, they rose by $89 million. For the entire third quarter, commercial and industrial loans decreased by $37 million v. an $857 million gain during the same period...