With still strong domestic demand and improving international demand, the factory sector is continuing to recover from the sluggishness that resulted from the Asian economic crisis,
More Quotes from Steven Wood:
Industrial activity is contracting across a broad set of industries, reflecting the declines in both consumer and business spending.Steven Wood
These data are consistent with slower but still solid economic activity.
Steven Wood
Layoffs continue to rise and job creation continues to slow,
Steven Wood
Nonetheless, while there still is forward momentum in manufacturing, it appears to be less robust than earlier in the year, ... These data add to the mosaic showing a still-strong but more slowly expanding factory sector good news for the Federal Reserve.
Steven Wood
Only lower interest rates are providing any support at the moment, ... The outlook is still worrisome.
Steven Wood
The general slowing in the growth of the leading indicators over the past year suggests the pace of economic growth should gradually slow over the next three to six to nine months.
Steven Wood
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