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THE ECONOMY.(TO THE POINT)
CEOs: economy strong but slower
The Business Roundtable's quarterly survey has 85% of top U.S. execs predicting higher 2nd-half profits, down from 89% in the last survey. Just 49% plan to raise capital spending vs. 60% in March. CEOs see the economy growing 3.4% in '05, a hair below earlier expectations of 3.5%. Hank McKinnell, chairman of the Roundtable and drug giant Pfizer called it a "Goldilocks economy" -- not too hot, not too cold.
** New York City's business conditions worsened in May on cool weather and slower manufacturing. The National Association of Purchasing Management's index fell to 337.3 from April's 341.2.
Canada's Q1 slower than forecast
A strong Canadian dollar hurt exports, though domestic demand stayed strong. Its economy grew at a 2.3% annual rate thanks to consumer spending, but missed forecasts of 2.5%. The report eases pressure for the Bank of Canada to raise interest rates, but a hike is widely expected sometime this year.
...- Weekly Economic Wrap: Mood Down; Spending Weak; Consumer spending remains 38%...
- Magazine article from: Gallup Poll News Service June 23, 2009 700+ words
...job creation, and consumer spending running 38% below a year ago. <graphic...past few months, consumer spending did not improve...improvement. Still, while consumer spending remains far below year-ago levels, it has not...
- Gallup Economic Monthly: Job Creation Not Happening; Job creation, consumer...
- Magazine article from: Gallup Poll News Service Jacobe, Dennis September 3, 2009 700+ words
...spending remains 33% below its year-ago level. PRINCETON, NJ...job creation compared to a year ago. And, while confidence...a continued delinking of consumer spending -- which is down 33% from a year ago. <graphic omitted...
- Weekly Economic Wrap: No Improvement in Spending; Consumer spending remains 40%...
- Magazine article from: Gallup Poll News Service Jacobe, Dennis June 30, 2009 700+ words
...percentage points from a year ago, job creation is down 14 points and consumer spending is down 40%. PRINCETON...points higher than a year ago. Still, job creation...percentage points below a year ago, while consumer spending is also unchanged...
- Gallup Economic Monthly: Confidence Up but Wallets Shut; Consumer spending...
- Magazine article from: Gallup Poll News Service Jacobe, Dennis October 8, 2009 700+ words
...Economist Synopsis: Consumer spending remains down 30...PRINCETON, NJ -- Consumer spending was essentially flat...sharply higher than its year-ago level. While upper...looking for signs that consumer spending will pick up over...
- U.S. consumer spending rises 0.2 percent in July
- News wire article from: Xinhua News Agency August 28, 2009 700+ words
...28 (Xinhua) -- U.S. consumer spending edged up 0.2 percent in...S. dollars, the rise in consumer spending last month matched economists...rate was 2.6 percent a year ago. Consumer spending, which accounts for about...
- Upper-Income Consumers Pull Back Their Spending; Decline of 37% from a year ago...
- Magazine article from: Gallup Poll News Service Jacobe, Dennis September 18, 2009 700+ words
...income consumer spending. However, when year-ago spending...noted that year-ago comparables...impact on consumer spending. Of course...Gallup's consumer spending data show...sharply from a year ago. More worrisome...
- Weekly Economic Wrap: Job Creation Uptick; Job creation improves a little, but...
- Magazine article from: Gallup Poll News Service July 21, 2009 700+ words
...improving. But consumer spending continues...from a year ago. PRINCETON...May. And consumer spending remains weak...same week a year ago. Combined...uptick in the year-ago comparable for consumer spending ($112...
- ChangeWave Survey Points to a Recession in Consumer Spending.
- Press release article from: PR Newswire January 14, 2008 700+ words
...recession in U.S. consumer spending. The survey...than they did a year ago. That's 9 percentage...scored lower than a year ago in terms of spending...points compared to year-ago levels. Other consumer spending categories down...
