Recovery Ahead?

The leading indicator for the chemical industry eked out a small gain in April, following seven months of decline. New orders increased for building materials and supplies, as well as for computers and machinery. Orders for nondurables also advanced in March, as did the average chemical industry stock price. However, weakness in new orders for consumer goods continued to fall in March, albeit at a slower rate than in previous months. Retail sales, adjusted for inflation, fell 5.3% in fourth-quarter 2008 and only 0.6% in first-quarter 2009. Domestic auto sales...

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