U.S. Regional Economic Map, July 2014

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First quarter GDP growth was disappointing, but other indicators point to better growth.

The annual pace of housing starts has improved, but is still sub-par compared to prebubble production, at about 1 million units in March through May.

Private demand from businesses and consumers robust, but pace decelerated in 1Q13.

Small business optimism and consumer confidence reached their highest level in 6 years, on 6 quarters of gradual improvement.

Source : Deutsche Asset & Wealth Management

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