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Strong economic signals could turn to flashing yellow.

The Business Journal (Serving Greater Tampa Bay)

| October 27, 2000 | CARSON, KELLY | COPYRIGHT 1990 Hoerner Publications of Tampa Bay. (Hide copyright information)Copyright

It's a "good news, bad news" story that accompanies economic forecasts for the Tampa Bay area.

The good news: Revenue growth among the top 75 privately held companies in the Tampa Bay area is in double- and triple-digit territory.

The bad news: Higher oil prices, soft growth in manufacturing output and capacity constraints in the technology sector could put a damper on the party.

Those factors and a modest rise during the past several months in real average hourly wage gains point to a slowdown in consumer spending.

Public-sector spending is another matter.

Billions of dollars in public money is going into schools, highways, hospitals and other public facilities, and have …

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