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THE ECONOMY.(TO THE POINT)
Chain-store sales weaken again
Same-store sales at major discount and department chains fell 0.8% last week from the prior week, the Bank of Tokyo-Mitsubishi and UBS Warburg said. That followed a 1.7% drop. For Sept., BTM sees sales up just 1.5% from a year ago, which is "incredibly weak" considering the hit retail took after the terror attacks. Instinet Research said month-to-date same-store sales were running 0.7% below sales in Aug.
Aug. construction spending falls
Spending fell a bigger-than-expected 0.4% from July to an annual rate of $829.8 bil. Private commercial construction sank 2% to $159.2 bil, its lowest level in six years. Residential spending dipped 0.2% to a $407.5 bil rate. Public construction rose 0.8% to a $202.7 bil rate.
WTO to hear claims against U.S.
Canada, which the U.S. says subsidizes its mills, is contesting duties of about 27% on imports of softwood lumber the U.S. imposed in May. Brazil's complaint is about Florida's tax of 3 cents a gallon on imported orange juice concentrate. Proceeds have been used to promote Florida orange juice. Rulings usually take a year.
Pessimism falls in Japan survey
- Home Depot reports declining sales and earnings; fires four purchasing managers...
- Magazine article from: Hardware Retailing September 1, 2007 700+ words
...quarter of fiscal 2006, reflecting negative comparable-store sales of 5.2 percent, offset in part by sales from new stores...Home Depot recently announced it was forced to fire four purchasing managers for ethical infractions. The unidentified managers were...
- PURCHASING MANAGERS FORESEE SLOW GROWTH
- Newspaper article from: The Journal Record KIRBY DAVIS January 20, 1989 700+ words
...Oklahoma this year by a survey of state purchasing managers. The fourth quarter 1988 report...in Des Moines, Iowa, surveyed purchasing managers in 10 Great Plains states. Drake...increased for 39 percent of the Oklahoma purchasing managers, down from 50 percent in the third...
- Testimony of Federal Reserve Officials.(Alan Greenspan)
- Newspaper article from: Federal Reserve Bulletin November 1, 2001 700+ words
...Industry analysts suggest that motor vehicle sales were running close to August levels, and chain store sales were only modestly lower. Purchasing managers had noted an improvement in the orders picture in August. Moreover, the dramatic rate of...
- Open Forum: The Aftermath of Terrorism.
- Magazine article from: National Mortgage News Greenspan, Alan October 8, 2001 700+ words
...Industry analysts suggest that motor vehicle sales were running close to August levels, and chain store sales were only modestly lower. Purchasing managers had noted an improvement in the orders picture in August. Moreover, the dramatic rate of...
- Purchasing Managers experience first easing in five months for local business,...
- Press release article from: PR Newswire August 8, 1988 700+ words
PURCHASING MANAGERS EXPERIENCE FIRST EASING IN FIVE...to the latest survey of the Purchasing Managers Association of Detroit (PMAD...expansion. Commentary: "Local purchasing managers continue to indicate very encouraging...
- ECONOMY SLIPS PURCHASING MANAGERS SAY DECLINES LIKELY TO CONTINUE.(Business)
- Newspaper article from: Albany Times Union (Albany, NY) December 4, 1990 700+ words
...Middle East crisis is resolved. The purchasing managers said production and new orders both...in Bala Cynwd, Pa., said the purchasing managers results "confirm the fact that...Thirty-three percent of the purchasing managers questioned said employment was down...
- Purchasing managers foresee continued expansion with minimal inflation....
- Magazine article from: The Bond Buyer Davies, Stephen A. May 4, 1994 700+ words
...WASHINGTON -- Industrial purchasing managers said yesterday that they...in December 1989. The purchasing managers said that improving business...production lines, the purchasing managers said. On average, they...
- 'Good times continue' reports the Purchasing Managers Association of Detroit.
- Press release article from: PR Newswire February 9, 1989 700+ words
...CONTINUE' REPORTS THE PURCHASING MANAGERS ASSOCIATION OF DETROIT...PRNewswire/ -- The Purchasing Managers Association of Detroit...comparison, the national purchasing managers reported a five-point...