Brian Bethune
Brian Bethune
confidence consumer continue employment expected gains grow growth household income market rates stock support sustain
Gains in employment and the stock market continue to support confidence. Household income is expected to grow at rates that will sustain growth in consumer spending.
business certainly consumer drivers four growth investment last principal
Business investment is going to be one of the principal drivers of growth in 2006. The consumer will still be there ... (but) certainly won't be as ebullient as the last four years.
activity early economy forward growth line output overall overseas picked quarter second sector solid strong stronger underlying
Activity in the manufacturing sector picked up early in the second quarter, in line with strong underlying fundamentals in the economy and stronger overseas demand. We can look forward to solid overall output growth in the second quarter of 2006.
europe gaining growth japan provide
Recoveries in Europe and Japan are gaining momentum. This should provide the underpinnings for respectable growth in exports.
additional attractive clearly economic growth side terms
In terms of economic growth, the fundamentals are clearly on the side of the U.S.. We don't think there's going to be a lot of additional momentum, but even if (the dollar) treads water, it's still going to be an attractive investment.
continues growth second sector solid stage
The manufacturing sector continues to steam-roll ahead. The stage is set for solid growth in the second quarter.
baked excellent picking quarter sector service
The service sector is picking up some momentum. An excellent quarter is just baked in the cake.
picking sector service
The service sector is picking up some momentum.
crops damage department estimates eventual farms force katrina lessons loses production revised risk state
The risk to crops and farms won't be as significant if it loses force, ... When you look at the lessons from Katrina, the eventual damage to agriculture was less than feared. The department of agriculture actually revised up its estimates of production in the state after Katrina passed.
baked coming early excellent momentum quarter
There's so much momentum coming early into this quarter that an excellent quarter is just baked in the cake.
bump intense pressure prices temporary
Pressure to bump prices up, or levy temporary freight surcharges, will become more intense in September,
ahead continue second spending
Consumption spending will continue to plod ahead in the second quarter.
behaving core energy feed generally inflation lengthy modest persistent pressure price prices producer quite
Core producer price inflation generally has been behaving quite well. We think there's going to be some modest upward pressure as energy prices feed through the system, but it's not going to be a persistent or lengthy problem.
consumers definitely excuse looked needed provided spending strong weather
We're definitely going to see a very strong first quarter. It looked like consumers were hibernating in December, and all they needed was an excuse to go on a spending spree. The weather provided that.