After growing at a very strong pace in 2005, we are now detecting a slowdown in the pace of growth. Just as nondurable goods manufacturers reported improving economic conditions, durable goods producers detailed a pullback in economic conditions for the month. I expect this slower pace of growth to continue into 2006.
More Quotes from Ernie Goss:Job growth in Missouri has definitely slowed over the past several months. In terms of hiring, Missouri experienced January job losses. However, strong new orders should convert to an improving employment picture in the months ahead. Durable goods producers were much more bullish in their economic assessments for January than non-durable goods manufacturers.
I expect positive, but weaker hiring in the region in the months ahead.
For example, greater reliance on ethanol by the U.S. will make many areas in the region clear economic winners.
No other state in the nation stands to derive as much of an economic stimulus from the opening of the Asian beef market as Nebraska. However, economic gains are going to be slow going as food-processing firms attempt to re-establish a beef presence in these foreign markets.
However, the real danger is that the warm weather may have fooled many into thinking the economy is doing better than it is.
The 15 Fed rate hikes and higher energy prices, even with the warmer than expected winter weather, are having negative impacts on confidence among regional supply managers and business leaders.
Readers Who Like This Quotation Also Like:Based on Topics: Economics Quotes
Based on Keywords: nondurable
There was never a child so lovely but his mother was glad to get him to sleep.
Ralph Waldo Emerson
I had a scene where the chair was meant to slide off the table, but do you think it would slide off? No. We were running out of time and we had to get these scenes done urgently.
I am not a great cook, I am not a great artist, but I love art, and I love food, so I am the perfect traveller.