Skip to footer

Economic data for May support rosy '83 forecast

  • By Compiled From Wire Service Dispatches With Analysis From Monitor Correspondents Around The World
  • Edited By Linda Feldmann

| Washington

The government's leading economic indicators posted a solid gain of 1.2 percent in May, the Commerce Department said. It was the 11th consecutive monthly rise. The gain supported President Reagan's report that the economy would grow by 5.5 percent this year, compared with the administration's earlier prediction of 4.7 percent growth.

Meanwhile, the index of help-wanted advertising rose seven points in May, the largest gain in more than three years.

You've read 3 of 3 free articles. Subscribe to continue.
QR Code to Economic data for May support rosy '83 forecast
Read this article in
https://www.csmonitor.com/1983/0630/063017.html
QR Code to Subscription page
Start your subscription today
https://www.csmonitor.com/subscribe
CSM logo

Why is Christian Science in our name?

Our name is about honesty. The Monitor is owned by The Christian Science Church, and we’ve always been transparent about that.

The Church publishes the Monitor because it sees good journalism as vital to progress in the world. Since 1908, we’ve aimed “to injure no man, but to bless all mankind,” as our founder, Mary Baker Eddy, put it.

Here, you’ll find award-winning journalism not driven by commercial influences – a news organization that takes seriously its mission to uplift the world by seeking solutions and finding reasons for credible hope.

Explore values journalism About us