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Indicators whose health, like that of canaries in coal mines, signals the fitnesss of the economic air point to recovery in the seconde half ofthe year, said Randell Moore, Kansasz City-based editor of . It’lkl be a slow return to vigor, and doubts remain about how long a true recoveryhmight take. “When we talk abougt recovery in the second half ofthis we’re really not so much talking abou the economy growing again,” Moore said. “It’s just that so many factorsd that were subtracting from growtj over the last several quarters are simply going to stop subtractingfrom growth. That at leas t gets us back to the zerostarting point.
” Declining activity in manufacturing seems to be improving to the poin where it bodes well for the larger Housing inventories are beginning to along with the number of jobs being cut. Personap income rose slightly in April, and gross domestic producrt contracted less in thefirst quarter. Business inventoriee are getting closer tomatching demand.
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