It’s still the economy, so this is good news today.
WASHINGTON—Maybe the U.S. economy’s strength this winter wasn’t just weather-related after all.
Home construction is near a three-year high. And factory output has risen in three of the year’s first four months.
The data released Wednesday suggest growth in the April-June quarter is off to a good start, helped by falling gas prices and solid hiring gains. Fears of a spring slump are easing.
“It’s all very encouraging,” said Paul Ashworth, chief U.S. economist at Capital Economics. “Things look good at the moment.”