Salient to Investors:
27 US states showed signs of economic improvement. Michigan, Ohio, Indiana and Illinois posted four of the eight biggest gains for Q3 over Q2. California, District of Columbia, Florida, Arizona and North Dakota improved. The largest declines were in Vermont, followed by New Mexico, Alaska, Wyoming and New Hampshire.
Florida’s percentage of mortgage payments delinquent by more than 90 days or in foreclosure decreased to 16.8 percent in Q3 from 17.5 in Q2.
Beata Caranci at TD Economics said Florida are bouncing off a really low floor, combined with population growth.
Read the full article at http://www.bloomberg.com/news/2012-12-20/states-gain-in-economic-health-as-manufacturing-grows.html.
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