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...
although deep financing hurting induced industrial maintain production rest sales sector stepped vehicle
Manufacturing is still mired in a deep recession. Although vehicle production has stepped up to try to maintain a low-cost financing induced sales explosion, the rest of the industrial sector is hurting badly.
declines further months production quick rebound sales unless weakness
Unless there is a quick rebound in sales, this suggests further weakness in production and declines in inventories over the months ahead.
attacks cuts demand expected factory further impact industries next production reported sector seem terrorist
The Sept. 11 terrorist attacks seem to have had little impact on the factory sector so far. However, many industries have already reported further production cuts as demand has waned. A more substantial contraction is expected next month.
although downward elevated improve industrial inventory pressure production sales situation spending unlikely until weak
Although inventory rebalancing is well underway, weak sales and elevated inventory-to-sales ratios will keep downward pressure on industrial production and manufacturing employment, ... This situation is unlikely to improve until spending accelerates.
businesses economic fourth growth largely mean neutral production ramp rebuild stronger third
Inventories are going to be largely neutral for economic growth in the third quarter. In the fourth quarter, as businesses ramp up production to rebuild inventories, that will mean more hiring, more production and a stronger economic environment.
abroad coming conditions continued demand economies economy expanding fast fed given home increased inventory low pace production quite remains robust support sure view
Increased demand in expanding economies abroad and continued robust conditions at home support the production outlook, given the low inventory environment. The Fed is sure to view the economy as expanding at too fast a pace now that manufacturing is coming back and consumption remains quite strong.
bring continue cuts economic production recovery sharp spending stage
Sharp production cuts will continue to bring down inventories, which will set the stage for the economic recovery when spending revives.
due higher impact interest mild obvious portion rates strength winter
While a portion of this strength is due to unseasonably mild winter weather, it is obvious that higher interest rates are, so far, having little dampening impact on construction.
feeling learn markets rebound smaller work
Our feeling is that markets are not going to rebound magically to a 100-machine market. So you have to learn to work in a very competitive, smaller market.
adjustment although decline deep eventually factory giving rapid rate reducing sector slow ultimately
Manufacturing is still mired in a deep recession, although the rate of decline may be slowing. The rapid adjustment in reducing inventories will eventually slow and ultimately reverse, giving the factory sector a lift.
prolonged
Manufacturing is mired in a deep, prolonged recession.
degree indicate labor market measures slack slowly
Most measures of the labor market indicate that the degree of slack is slowly disappearing.
improvement largely sales struggling thwarted welcome winter
Wholesalers had been struggling with bulging inventories through the winter and spring, ... However, plunging sales had largely thwarted their efforts. July's improvement is a welcome respite in this struggle.
appears auto bring business corrected difficult high inventory nearly sales sector
While the auto sector appears to have corrected its inventory overhang, other sectors have not been nearly as successful, particularly high tech, ... As business sales slow, it will be even more difficult to bring inventories into line.