"...The index's annualized growth rate ticked up to 17.5 percent after hitting a 26-year high of 14.3 percent last week, which was also revised higher from 13.4 percent.
It was the highest yearly growth rate the index has seen since the week to July 29, 1983, when it was 17.8 percent.
"It is high time to break from the herd of pessimistic analysts, who will continue to bemoan economic weakness long after the Great Recession is history," said Lakshman Achuthan, Managing Director at ECRI.
Achuthan told Reuters last week that he expects the recovery to take hold at a stronger pace than any the U.S. has seen since the early 1980s..."
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As the Los Angeles Wildfires Continue, Restaurants Rise Up
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Even as it faces economic setbacks of its own, the hospitality industry is
stepping up to feed emergency workers and evacuees.
1 hour ago
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