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Economy shuffling toward recovery, reports indicate01 Dec

Keep the good news coming.  Although the recovery has been slow, it is moving in a positive direction, and that is good to hear.

The manufacturing sector grew for the fourth straight month in November, though at a slower pace, and questions remain about the staying power of the incipient economic recovery.

Signs the housing market was bouncing back in October were also tempered by a flat reading for construction spending for September in other data reported Tuesday.

The Institute for Supply Management said its index of national factory activity decelerated to 53.6 in November from 55.7 in October. The median forecast of 70 economists surveyed by Reuters was for a reading of 55.0 in November. Readings above 50 indicate expansion in the manufacturing sector, while numbers below 50 show contraction.

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