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(Image from article: "White House: U.S. Has Avoided Depression - Obama Ventures to Indiana in Defense of Stimulus")

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U.S. factory, home sales data signal economic recovery

The U.S. manufacturing sector grew in August for the first time in over a year and a half, while pending home sales surged to a two-year high in July, adding to mounting evidence the longest economic slowdown since the Great Depression is ending.

White House: U.S. Has Avoided Depression - Obama Ventures to Indiana in Defense of Stimulus

A White House spokesman said Wednesday that the United States has avoided falling off an economic cliff, citing as evidence a new report showing factory orders rose in June for the fourth time in five months, an unexpected gain and the latest sign that the ailing manufacturing sector is recovering.

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