Brian Bethune
Brian Bethune
ahead continue second spending
Consumption spending will continue to plod ahead in the second quarter.
business capacity gaining heading justifies level second strength
Manufacturing is gaining strength heading into the second quarter. We have a level of capacity use that justifies more business investment.
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.
bias companies demand higher intact quarter raise rates second strong toward
Demand is strong enough for companies to raise prices. This will keep the Fed's bias toward higher rates intact through the second quarter of 2006.
impressive industries kicked quarter second services
Services industries kicked off the second quarter with very impressive momentum.
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,
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.
gust wind
That was a gust of wind in the spinnaker.