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THE ECONOMY.(TO THE POINT)

Investor's Business Daily

| April 01, 2004 | COPYRIGHT 2004 Investor's Business Daily, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Comfort gauge rebounds further

The ABCNews/Money magazine Consumer Comfort Index rose to -17 last week from -21 the prior week, gaining for a second week after sinking from a 21-month high of -3 in mid-Jan. Of those polled, 31% say the economy's in good shape and 39% say it's a good time to shop, both up 2 points in the week. Now, 54% say their own finances are healthy, up from 53%.

Mortgage demand slips in week

The Mortgage Bankers Association's gauge of mortgage demand eased modestly for a second week, falling 2.1% to 1,091.3 last week. The gauge of refinancing activity fell 2.6% to 4,857.6. The index of requests for mortgages to buy a home slipped 1.1% to 443.8. The dip in activity came as 30-year fixed mortgage rates rose 11 basis points to 5.49%.

** The Labor Dept. will release the delayed Feb. producer price index on Thursday.

Bad managers result in job flight

The Hudson Employment Index, based on a survey of 9,000 workers, fell to 106.8 in ...

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