The US economy is growing more positive, but the recovery process will remain sluggish

BEIJING, December 2 (Xinhua) The U.S. economy has steadily entered the recovery trajectory, a big boost to investor confidence, as the United States has released economic data and a positive signal from the manufacturing, construction and real estate sectors this month 1st.　　But analysts also warn that the US recovery will be a slow process and that next year's economic growth will be challenged and hit by high unemployment.　　The US manufacturing activity index was 53.6 in November this year, though less than 55.7 in October, but it still shows the expansion of manufacturing, the 4th consecutive month of U.S. manufacturing expansion, according to data released by the Institute's Supply Management Association. Among them, the index of new orders rose 1.8 to 60.3, with 13 of the 17 industries surveyed increasing orders.　　But some economists warn that while the increase in new orders suggests corporate capital spending will rebound, the growth in corporate capital investment will not be too big at a time when industrial output remains sluggish.　　The U.S. Department of Commerce also reported that the main benefit from residential construction spending increased by 4.4%, October U.S. construction spending than the first one months of a micro-increase of 0.04%, better than a fall of 0.5% market expectations, the U.S. construction spending for the first time in 6 months growth.　　At the same time, the National Association of Realtors released a report that continued to be launched by the government's first home purchase tax-free 8000 dollar policy, the October U.S. housing Sales index rose 3.7% to 114.1, for the 9th consecutive month climbed. There are also more stable signals in the US car market. In November, car sales in the United States totaled 11 million vehicles, an increase of 5.5% from October. Among them, Hyundai Motor Company sales doubled, the United States, GM, Ford Motor Company and Japan's Toyota Motor Company's sales are basically flat, only the Chrysler company underperforming.　　Analysts believe the US auto market is steadily stabilizing after a sharp contraction that began last year, thanks to strong U.S. government stimulus.　　The New York stock index rallied more than 1% per cent on the day, boosted by a series of positive signals that investors were confident of a sustained rebound in the US economy. However, economists believe that the current U.S. economy is "jobless recovery" situation. Earlier, the U.S. Commerce Department reported the first revision of U.S. economic growth in the third quarter of 2.8%, but the October unemployment rate reached a 26-year high, and some economists expect the U.S. unemployment rate in recent months to exceed 11%.　　The future recovery in the U.S. economy will depend in part on whether consumers are willing to spend more if unemployment is high. 70% of Americans surveyed believe their financial position will be worse or worse, according to a survey released 1st by the U.S. Zogby International poll.　　Analysts say such concerns have affected consumption before the Christmas shopping season in the United States. And analysts say the US economy will slow down as the U.S. government's stimulus program weakens. American Standard"Our economy is recovering, but the process will be very slow," said David Wess, the world's chief economist at the company. He predicts that the U.S. economy will remain at an annualised rate of about 2% in the fourth quarter of this year and the first two quarters of next year.