Blizzards on the East Coast and harsh weather in other parts of the U.S. probably impeded manufacturing and construction in February, representing a temporary setback to the recovery, economists said before reports this week.
Manufacturers may make up for the disruptions this month as companies strive to stabilize inventories and exports climb, while the outlook for housing is less bright as foreclosures mount. Analysts anticipate Federal Reserve policy makers meeting this week will reiterate a pledge to keep interest rates low as other reports show inflation cooled last month.
Source: BusinessWeek