Survey results, while somewhat weaker than the rest of the nation, continue to point to growth for Missouri in the months ahead. Of course challenges and opportunities related to automobile industry restructuring will be an important driver in the near and intermediate term.
More Quotes from Ernie Goss:
Strong growth among firms in business and professional services and truck transport offset somewhat weaker reports from manufacturers for March.Ernie Goss
Increases over the past two months point to solid growth into the second quarter of this year.
Ernie Goss
Transportation firms reported continuing economic weakness. While 2006 is likely to be a positive year for the Oklahoma economy due to an improving telecommunications sector and expansions in business service firms, the closing of GM operations in Oklahoma City will produce some fairly negative economic consequences.
Ernie Goss
It is certainly clear that record warm weather for much of the region for January and February played an important role in supporting the economy.
Ernie Goss
The most recent rate increases, and a rate hike at its next meeting, in my judgment will slow growth to an unacceptably low rate for the region and the nation.
Ernie Goss
Of course the loss of the 2,400 GM jobs will hurt the Oklahoma and Oklahoma City economies. However, given the provisions of job banks, the full force of the negative impacts will not be felt until 2008. In the interim, our survey points to solid growth with positive job gains in the months ahead for Oklahoma's economy.
Ernie Goss
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