Word: downturn
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...other hand, Republican farm politicians, who see a congressional election coming up in 1958 with no Eisenhower on the ticket, feared that the downturn in parity indicated that the farm slump has still not hit bottom. They also saw a risk that null relatively good hog prices will stimulate an oversupply of pork in 1958, that a 4% increase in cattle now in feedlots will mean lower prices for quality steaks and roasts this fall, that current low prices for eggs (7½ a dozen under last year at the farm) will continue, and that the price supports under dairy...
...statistical series on the U.S. economy, Burns's staff picked 21 key indicators, business failures, durable-goods orders, etc. that faithfully pace business shifts. Under Burns the National Bureau also perfected the "diffusion index," a cross section of indicators used to gauge the strength of an upswing or downturn...
...adjustment process. In other lines, however, there are few indications of slackening, and some are still gaining. In short, another 'rolling readjustment' is under way. It is unlikely that autos and housing will carry the rest of the economy with them on the downturn. Substantial offsetting elements of strength are present...
...future, businessmen were still expansion-minded. Despite an expected downturn in home construction, the Associated General Contractors of America forecast a new $60 billion record in construction of all kinds for 1956. With increasing steel shortages, two more companies-Sharon Steel and National Steel -announced upwards of $200 million in expansion plans to add another 1,320,000 tons of capacity. In aviation, National Airlines, which has already ordered six pure-jet Douglas DC-8s, took another step into the new air age with a $46 million order for 20 new 415-m.p.h. Lockheed Electra turboprop transports...
...index was down slightly more than 10%. Last week there were signs of a pickup in the Canadian economy just as in the U.S. In Mexico, some 70% of whose foreign trade is with the U.S., a slump began in textiles, oil and other industries before the U.S. downturn. On top of that, President Ruiz Cortines cut back federal spending sharply. Recently, however, the government 1) began to spend for public works to check the business decline, and 2) devalued the peso to help boost exports and spur the declining tourist trade...