There are not a lot of surprises here. We knew February will be a down month in spending after a torrid January due to mild weather. This is exactly what we got.
More Quotes from Richard DeKaser:
When demand shifts, it often takes time for supply side to get in sync ... I would still expect some softening is likely in the cards in the Dayton area as we go through this year.Richard DeKaser
Taking it at face value, the hurricane played a big role in contributing to the weakness. Consumer spending was abysmal in October and November. It's an extremely weak report overall.
Richard DeKaser
I would interpret those numbers as being quite benign in light of what we saw as very, very steep increases at the wholesale level. Very little of that wholesale price increase has leaked through to the consumer price level. That's testament to the pricing pressure across America at the retail level.
Richard DeKaser
The credit markets have been very useful guides to industry prospects. Whatever reassuring signals they are sending shouldn't be ignored.
Richard DeKaser
This reflects the healthy expansion we saw in April, and it's consistent with what we're hearing from businesses. Not only was there improvement in orders, but there appears to be momentum in business sentiment across the board.
Richard DeKaser
Readers Who Like This Quotation Also Like:
Based on Topics: Weather QuotesBased on Keywords: torrid
Most gentlemen don't like love, they just like to kick it around.
Cole Porter
I've been in Hamburg for about ten years and I just feel at home.
Andrew Eldritch
I try to find what makes even the worst, most despicable character sympathetic at his or her core.
Len Wein