Economic Recovery, September | featured news

Retail sales in the U.S. climbed more than forecast in September, easing concern that unemployment stuck near a 26-year high will bring the recovery to a halt.

While sales were up, overall demand continued to be lower than automakers had expected it to be at this point in the economic recovery.

Sales of previously owned U.S. homes surged to their highest level in more than two years in September, a survey showed on Friday, providing further evidence the housing market and economy were on the mend.

Foreign direct investment into China rose 19% in September, suggesting appetite from abroad for investing in China is picking up as the economy recovers.

The U.S. service sector grew in September for the first time in 13 months, an encouraging sign for the fledgling economic recovery although jobs remain scarce.

U.S. consumer sentiment rose in late September to the highest since January 2008 as expectations of an economic rebound gathered momentum, a survey showed on Friday.