Manufacturing and housing are up, but so are business bankruptcies

11/3/2009 | Washington Post, The · Wall Street Journal, The

Manufacturing and housing -- two sectors that helped drag the economy into the recession -- now seem to be helping lead it out of the crisis. A survey of purchasing managers showed that manufacturers expanded in October at their fastest rate in more than three years, and pending home sales were up 6.1% in September, according to a separate survey by the National Association of Realtors. Monday's economic news wasn't all upbeat, however: Business bankruptcy filings were up 7% last month.

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Washington Post, The · Wall Street Journal, The

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