Economic Update - June 2010 - The Firecracker Edition
Economic growth has slowed a bit. Various special factors are weighing on a few sectors. The 'government-aided' recovery likely needs to transition to a 'jobs-aided' pickup
Highlights from this month's issue:
- Overview: Economic growth has slowed a bit. Various special factors are weighing on a few sectors. The “government-aided” recovery likely needs to transition to a”jobs-aided” pickup
- Retail: The ending of several government incentives will likely continue to hold back certain retail sectors. Improving incomes, however, could offset those short-lived government stimuli
- Motor Vehicles: Unit sales of vehicles in May rose, but dollar sales declined. Sales to fleets/businesses are not counted in the dollar-based retail sales figure
- Consumer Products: Stronger levels of consumer demand continue to boost production
- Aerospace & Defense: Unlike the other manufacturing groups mentioned in this report, A&D production continues to drift downward
- Process & Industrial Products: Production of nonenergy materials and machinery are both up by healthy double digits from year-ago levels
- Lodging: Revenue per available room has risen for three consecutive months
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Last updated July 1, 2010
Attachments
- Economic Update - June 2010 (76.63 KB)
Report; 3-page PDF
