Steven Wood Quotes

With still strong domestic demand and improving international demand, the factory sector is continuing to recover from the sluggishness that resulted from the Asian economic crisis.

- Steven Wood

Tags

Strong | Domestic | Demand | Improving | International |

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Unseasonably mild weather in January, coming after unseasonably severe weather in December, generated a huge increase in housing starts. Moreover, February's weather is likely to generate a big decline in housing activity next month. - Steven Wood

The Sept. 11 terrorist attacks seem to have had little impact on the factory sector so far. However, many industries have already reported further production cuts as demand has waned. A more substantial contraction is expected next month. - Steven Wood

These data are consistent with slower but still solid economic activity. - Steven Wood