Steven Wood
Steven Wood
Steven Woodwas an Australian sprint canoeist and marathon canoeist who competed in the late 1980s and early 1990s. Competing in two Summer Olympics, he won a bronze medal in the K-4 1000 m event at Barcelona in 1992...
activity add data economic evidence growing likely
These data add to the growing evidence that economic activity has slowed and that any re-acceleration is likely to be short-lived.
broken employment growth historical level payroll relationship strong
The strong historical relationship between the level of the help-wanted index and the year-on-year growth of payroll employment has broken down completely.
durable factory goods growth indicate pace quite reports sector signals slowing suggest type
The signals in the manufacturing sector have become quite mixed. The diffusion indices suggest a slowing pace of growth while the factory and durable goods reports indicate an acceleration. In the past, when this type of divergence has occurred, the diffusion indices have usually been the better indicator.
economic growth next six slow three weakness
Weakness in the composite index suggests that economic growth will slow over the next three to six months.
above boost current economic estimate growth help overall
This will help boost overall economic growth to above 4 percent; our current (third-quarter) estimate is 4.5.
consumer debt employment gains growth households income judicious remain spending taking
With employment gains non-existent, income growth has slowed. As households also become more judicious in taking on more debt, consumer spending will remain soft.
economic four growth leaders pace percent quarters recent slow third
The recent pace of growth in the leaders suggests that economic growth should slow from its 3.6 percent over the four quarters through the third quarter of 2005.
economic growth moderate movements next recent suggest
The recent movements in the index suggest only moderate economic growth over the next 6 to 9 months.
add concerns declines evidence forecast general growth related slower unclear whether
It's unclear whether the declines are related to year-end concerns or to a more general softening in manufacturing activity, but they do add evidence to the (Fed's) forecast for slower growth going forward.
although declined economic efforts further growth helping last level mortgage pace past rates relatively sales six slow solid three weakness
Although the level of sales is still relatively high, the solid growth of the past three years has been arrested, helping the Fed's efforts to slow the pace of economic growth. However, mortgage rates have declined over the last six weeks, so further substantial weakness may not be forthcoming.
although cyclical decline expansion growth past phenomenon pleased rather retreat sharp view
Although the (Fed) will not be pleased with the sharp decline in productivity growth over the past year, they will view it as a cyclical phenomenon rather than a retreat from the productivity-led expansion of the past 5 years.
despite gain growth next outlook six sluggish
Despite this gain the outlook is still for sluggish growth over the next six months,
again data despite easing ended growth likely period strength suggesting sway unlikely weaker
Despite the strength during the quarter, the period ended on a much weaker note, suggesting (second-quarter) growth is likely to be weaker. These data are unlikely to sway the (Fed) from easing again at (its) May 15th meeting.
claims consumer economic growth higher income job overall slower suggest
Higher claims suggest slower job gains, which should dampen income growth, consumer spending, and overall economic activity.