Business Services Industry
US growth down, consumer spending up.
Australasian Business Intelligence, June, 2007
Byline: Robert Guy
Jun 03, 2007 (The Australian Financial Review - ABIX via COMTEX) -- First-quarter growth in US gross domestic product has been reduced from 1.3 to 0.6 per cent. Consumer spending estimates for the quarter have been lifted from 3.8 to 4.4 per cent, contributing to optimism about an economic revival. The Federal Reserve is viewed as unlikely to reduce interest rates given concerns that an economic resurgence would stimulate inflation, which exceeds the central bank's comfort zone of between one and two per cent. A weak housing market has weighed down the US economy. An economic indicator issued by the Chicago Purchasing Managers suggests that manufacturing activity has improved.
Publication Date: 2 June 2007
BEAR STEARNS...
Most Recent Business Articles
- Multiple criteria evaluation and optimization of transportation systems
- Multi-criteria analysis procedure for sustainable mobility evaluation in urban areas
- A two-leveled multi-objective symbiotic evolutionary algorithm for the hub and spoke location problem
- Multi-criteria analysis for evaluating the impacts of intelligent speed adaptation
- The development of Taiwan arterial traffic-adaptive signal control system and its field test: a Taiwan experience
Most Recent Business Publications
Most Popular Business Articles
- 7 tips for effective listening: productive listening does not occur naturally. It requires hard work and practice - Back To Basics - effective listening is a crucial skill for internal auditors
- FAS 109: a primer for non-accountants - Financial Accounting Standards Board's "Statement 109: Accounting for Income Taxes"
- LIFO vs. FIFO: a return to the basics
- Too Young to Rent a Car? - 25-years-old the minimum age for car renting - Brief Article
- Design a commission plan that drives sales - Sales Commissions
Presented by American Express