Ernie Goss
Ernie Goss
companies economic ethanol fairly february following future growing growth hurricane impacts industry last managers negative october optimistic positive reported reports shipping since solid strong supply survey ties trend year
The trend in economic reports from supply managers in our survey has been fairly positive since October of last year following some of the negative shipping impacts from Hurricane Katrina. Companies with strong ties to the state's growing ethanol industry reported solid growth for February but were very optimistic about future economic growth for this sector.
areas arkansas businesses conditions economic expect growth job northwest parts portion quarter reasonably report second solid stronger
Businesses located in the Northwest portion of Arkansas tended to report stronger economic conditions than businesses in other parts of the state. However, I do expect reasonably solid job growth for most areas through the second quarter of this year.
according businesses comments dakota definitely difficult economic growth impacts month months north points separate solid survey warmer weather
Businesses in North Dakota definitely benefited from much warmer weather for the month according to comments from businesses in our survey. It is difficult to separate out the impacts of weather from more fundamental economic factors, but even so, our survey still points to solid growth in the months ahead.
ahead city course felt force full gains given gm growth hurt impacts jobs loss months negative oklahoma points positive provisions solid survey until
Of course the loss of the 2,400 GM jobs will hurt the Oklahoma and Oklahoma City economies. However, given the provisions of job banks, the full force of the negative impacts will not be felt until 2008. In the interim, our survey points to solid growth with positive job gains in the months ahead for Oklahoma's economy.
auto continuing economic finally growth half points problems related solid stories survey turnaround
For 2006, Minnesota's big economic stories will be problems related to the continuing cutbacks in the U.S. auto industry, a turnaround for the telecommunications industry, and finally a weakening of Minnesota's construction industry. Nonetheless, our survey points to still solid growth for the first half of 2006.
clear earlier economy energy expected gas growth natural overall pointing prices slower solid stronger
It's clear the overall economy is solid and pointing to growth in the upcoming months, much stronger than anticipated earlier because of energy prices and natural gas prices. We would have expected much slower growth.
began conditions durable economy goods growth january job kansas note producers reported rest softer solid somewhat stronger year
The Kansas economy began the year on a somewhat softer note than the rest of the region. However, firms reported solid job growth for January with durable goods producers detailing much stronger conditions than non-durable goods firms in the state.
growth increases months past point quarter second solid
Increases over the past two months point to solid growth into the second quarter of this year.
among business confidence energy expected fed higher hikes impacts managers negative rate regional supply warmer winter
The 15 Fed rate hikes and higher energy prices, even with the warmer than expected winter weather, are having negative impacts on confidence among regional supply managers and business leaders.
certainly clear february january played record region role supporting warm weather
It is certainly clear that record warm weather for much of the region for January and February played an important role in supporting the economy.
arkansas asian beef drive economic fourth growth half higher hunt japanese job losses opening overall pushed quarter second
Manufacturing job losses in the second half of 2005 pushed Arkansas' overall job growth for the fourth quarter to zero. However, Arkansas firms ... benefiting from the opening of the Japanese and other Asian beef markets, and J.B. Hunt Transport, profiting from the U.S. economic expansion, will drive Arkansas job growth higher in the first half of 2006.
began below pace somewhat strong utah
Utah began 2006 on a strong note, but on a pace somewhat below that of 2005.
business city closing continuing due economic economy fairly gm improving likely negative oklahoma operations positive produce reported sector service year
Transportation firms reported continuing economic weakness. While 2006 is likely to be a positive year for the Oklahoma economy due to an improving telecommunications sector and expansions in business service firms, the closing of GM operations in Oklahoma City will produce some fairly negative economic consequences.
expect hiring months region weaker
I expect positive, but weaker hiring in the region in the months ahead.