Data likely to show gains in economy

A quiet four-day week last week will be followed up with a busy economic calendar that will probably reveal the economy is gaining some momentum.

The government's cash for clunkers program is likely to show up in strong retail sales for August, though most analysts believe that ex-autos, sales will be almost flat.

Manufacturing has been one of the brighter spots in what is still a sluggish economy. Industrial production for August is expected to move ahead as companies begin to restock dwindling inventories.

And the first look at the sector for September, which will come from the Empire and Philly Fed Indexes, are forecast to show a continued rebound in production.
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