In this issue of the MetroIntelligence Economic Update, I covered the following indicators:
- Annual rate of construction spending in January rises by 7.1% over same month of 2011
- Fourth quarter 2011 GDP rises from 2.8% to 3.0% in second estimate
- Personal income and spending inch up in January
- Federal Reserve "Beige Book" shows continued economic growth in January and early February
- Chicago PMI rises to highest level in 10 months
- Mortgage applications remain flat, dipping just 0.3% in latest survey
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