Unless there is a quick rebound in sales, this suggests further weakness in production and declines in inventories over the months ahead.
More Quotes from Steven Wood:
After adjusting for the storm effects, both initial and continuing claims appear to be near their pre-hurricane levels, indicating that labor markets remain strong despite the weak October payroll employment report.Steven Wood
Industrial activity is contracting across a broad set of industries, reflecting the declines in both consumer and business spending.
Steven Wood
The Fed will need to cut interest rates further.
Steven Wood
This was the first time that the January budget has been in deficit since 1992.
Steven Wood
Although housing should slow modestly over the balance of the year, it is unlikely to generate the major weakness typically associated with housing during an economic downturn.
Steven Wood
Higher claims suggest slower job gains, which should dampen income growth, consumer spending, and overall economic activity.
Steven Wood
Readers Who Like This Quotation Also Like:
Based on Topics: Sales QuotesBased on Keywords: inventories
Detachment produces a peculiar state of mind. Maybe that's the worst sentence of all, to be deprived of feeling what a human being ought to be entitled to feel.
James Dickey
I don't like the dark. I really am afraid of the dark.
Monica Keena
Every adult in the world has some sense that he or she might be obliterated at any time by these weapons that we have created.
Robert Jay Lifton