Brian Bethune
Brian Bethune
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.
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.
auctions debt demand needs satisfy side supply unusual
New auctions will satisfy an unusual coincidence of needs on the supply and demand side of the fixed-income debt markets.
impressive industries kicked quarter second services
Services industries kicked off the second quarter with very impressive momentum.
fed quite response robotic start sudden
The Fed has been kind of on autopilot here for quite a while, ... Now all of a sudden they're going to have to start doing some work. I don't think a robotic response is appropriate here.
europe gaining growth japan provide
Recoveries in Europe and Japan are gaining momentum. This should provide the underpinnings for respectable growth in exports.
economy economy-and-economics terms
The economy is doing pretty well now in terms of momentum.
gust wind
That was a gust of wind in the spinnaker.
baked excellent picking quarter sector service
The service sector is picking up some momentum. An excellent quarter is just baked in the cake.
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.
borrowing demand driven early expectation higher housing interest line towards translate ultimately
This is in line with our expectation that demand for new housing would 'cool off' towards the end of 2005 and in early 2006 as higher short-term interest rates, driven by the Fed, would ultimately translate into higher long-term borrowing rates.
picking sector service
The service sector is picking up some momentum.
bump intense pressure prices temporary
Pressure to bump prices up, or levy temporary freight surcharges, will become more intense in September,
activity gains job normal overall solid start terms
We'll have very solid overall job gains that will punctuate the start of more normal activity in terms of employment,