Ian Shepherdson Quotes

This jump in inventories will marginally lift second quarter GDP growth expectations... We look for growth of between 2.5 percent and 3 percent, with inventories adding some 0.75 percent.

- Ian Shepherdson

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Jump | Inventories | Marginally | Lift | Quarter |

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It is tempting to argue that two straight months of sales nearer to the 900,000 level than one million...is evidence of a real slowing in housing. But it probably tells us more about the awful weather across much of the country. - Ian Shepherdson

Once rebuilding gets underway in earnest in the Gulf Coast, we expect much stronger construction numbers across the board. But that will be a story for the very end of this year and into 2006. - Ian Shepherdson

There is certainly nothing in this report to suggest any serious slowing, or any slowing at all, in the economy is near. - Ian Shepherdson