The overall momentum in construction remains solid. We expect this pattern to continue, with public and commercial construction taking the leadership baton in 2006 as housing starts ease back moderately.
More Quotes from Brian Bethune:
We are expecting to see some pressure on inflation. Companies are going to take advantage of strong demand to at least cover their cost increases.Brian Bethune
Consumption spending will continue to plod ahead in the second quarter.
Brian Bethune
If housing and stock prices go down, people will respond by increasing the flow of savings. If they have to save more to meet retirement objectives, then they'll have to cut down on consumption.
Brian Bethune
The expected drop in aircraft orders is strictly month-to- month noise and does not have any impact on the outlook for growth.
Brian Bethune
While the record drop in the top level index spells welcome relief from the painful post-hurricane energy price spikes in September, continued pressure on the core index over the next several months will keep the Federal Reserve vigilant on the inflation watch.
Brian Bethune
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