Byline: New York Times
Evidence mounted Tuesday that the economy has halted its slide and that the improvement already under way in housing may have begun to spread.
The Commerce Department revised its retail sales figures for March to show a rise of 0.4 percent instead of an 0.8 percent drop and it said that sales essentially held this gain in April.
"It certainly is going in the direction of an upturn," said Rosanne M. Cahn, an economist at First Boston Corp., citing recent increases in industrial production, consumer sentiment and corporate purchasing as well as housing.
"Perhaps the economy bottomed in April, but, if not, it will …
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