These numbers really indicate some pockets of weakness. It suggests manufacturers are having a difficult time in some sectors and it does suggest some areas of slowing within the economy.
More Quotes from Lynn Reaser:
The revised spending number is more consistent with other data we have seen on consumer spending for May, including auto sales. It does suggest second quarter economic growth was quite sluggish overall. But we already knew that. It probably doesn't change the outlook for the second half of the year.Lynn Reaser
Overall inflation remains quite benign. Companies selling to consumers and businesses have limited pricing power.
Lynn Reaser
However, economists hope this is only a one-month spike. Productivity gains are still good and workers are not receiving large pay increases, ... Labor costs are still contained.
Lynn Reaser
Americans are saving very little out of their current income. The primary vehicle that's doing the savings for households is their home.
Lynn Reaser
It will be ugly. In any case it's only one month's number, but it could either alleviate or exacerbate inflation concerns which have recently accelerated.
Lynn Reaser
The improving job market is boosting consumer sentiment. Employees are beginning to see a somewhat better chance of receiving wage increases this year. If oil prices stabilize as we expect, consumers this year should see their paychecks stay ahead of inflation.
Lynn Reaser
Readers Who Like This Quotation Also Like:
Last year, New York got $200 million. This year, we're going to give them $124 million under this particular program. But last year was an artificially elevated number to make up from the very low grant the year before.Michael Chertoff
The truth is I hate cocktail parties when the only person I know is my supposed date, and he abandons me the minute we come in the door.
Mary Higgins Clark
I have never met one person who likes Grand Funk.
Ritchie Blackmore