Brian Bethune
Brian Bethune
europe gaining growth japan provide
Recoveries in Europe and Japan are gaining momentum. This should provide the underpinnings for respectable growth in exports.
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.
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.
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.
business continued corporate generally good help leads profits rebound saw signal
We saw a big rebound in corporate profits and that's a good signal for continued business investment. That generally leads to hiring, which will help keep consumption going.
aircraft drop expected impact month noise orders outlook strictly
The expected drop in aircraft orders is strictly month-to- month noise and does not have any impact on the outlook for growth.
bonds demand funds insurance pension reports solid underlying
There are reports of solid underlying demand for 30-year bonds from pension funds and insurance companies.
farmers fish gets lost price producers production profits recover seafood shrimp
The only consolation to farmers is that the price of seafood will go up further. So when production gets back on track, fish and shrimp producers can use the profits to recover their lost costs.
accelerate early expansion expected fed inflation projected quarter third
With the expansion projected to accelerate in the third quarter and inflation projected to be contained, the Fed is expected to 'play the same tune' and 'dance the same step' into early 2006.
combined confidence consumer employment further gains levels overall quarter setting solid stage
Further gains in employment combined with better levels for consumer confidence overall are setting the stage for very solid consumption gains in the first quarter of 2006.