20 ordspråk av Ralph Kauffman
Ralph Kauffman
Companies are willing to hire more people because they have confidence that at least in the near future, business will be strong.
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Concern about the continued high level of energy prices and its impact on economic activity is again the number one topic on which survey respondents commented.
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Even though the index has been going down, prices are at pretty high levels. It appears that the recent drop-off in oil prices in particular is probably behind the drop this month, but the list of commodities that are up in price is a pretty long list and it's pretty broad.
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I think it indicates that the economy seems to be growing at probably the same rate in March as it was in February.
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I would characterize the report as steady, not too different from last month.
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It's in the high end of the range definitely on the prices paid, ... (Our members are) blaming it all on the cost of oil running up.
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Many members' comments expressed concern about the continuing rise in oil and gas prices.
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Members report severe slowing of October business activity resulting from the aftermath of the Sept. 11 terrorist events, which aggravated already-weak business conditions.
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Our members seem to have digested the energy price increases, and so the direct effect of energy price moves is less.
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Overall the report indicates that the non-manufacturing sector is moving right along. We seem to have recovered from the hurricanes, even though the index is down slightly.
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Price increases have again become a significant area of concern for many members as a result of recent fuel price increases.
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Respondents also commented on hurricanes Katrina and Rita and their impact on the energy supply and on the availability and cost of construction materials and truck transportation. The overall indication is continued economic growth in the non-manufacturing sector in October, but with a high level of concern about the impact of energy prices,
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Respondents also commented on hurricanes Katrina and Rita and their impact on the energy supply and on the availability and cost of construction materials and truck transportation. The overall indication is continued economic growth in the non-manufacturing sector in October, but with a high level of concern about the impact of energy prices.
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The main reason for the decline in the price index in December was the decline in energy prices -- while the index is down, it's still at a historically high level.
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The overall indication in December is continued economic growth in the non-manufacturing sector with a cautiously optimistic outlook as we enter 2006.
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