Word: downtrend
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Dates: during 1937-1937
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...lumber output, already off 15% from last year, sagged 9% more. Automobile production was down from the previous week to 89,770 units, compared with 84,780 for the same week last year. Makers were notably laggard about buying materials, and the New York Herald Tribune predicted a downtrend in the next few weeks. Electric power production fell but was still 4% above last year. Rug sales are a good prosperity gauge because rugs lie as close as any luxury product to the hard floor of necessities. Last week Alexander Smith & Sons Carpet Co. exemplified the general rug trend...
Spending. The expenditure of $8,001,000,000 was more than twice the size of pre-Depression Government spending. It was, however, smaller than the $8,477,000,000 spent in fiscal 1936 and showed the first downtrend in spending since the New Deal took charge of the Treasury. But this trend was not to be taken too seriously, for in fiscal 1936, the chief expenditures for the Soldiers' Bonus took place. Eliminating this non-recurring factor the spending trend was still upward...