Word: forecasts
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Dates: during 1950-1959
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With tempered optimism, the midyear forecast of the Department of Commerce concluded: "Despite some soft spots, the general industrial outlook for the balance of 1956 is favorable...
CANNED FOOD PRICES are heading higher. To meet rising costs, packers forecast a 5% wholesale hike for 1956 pack. Retail rise...
...Commerce Department raised its estimate of total construction spending this year, forecast a new high of $44.5 billion, $1.5 billion higher than in '55. Paced by aircraft and motor issues, the stock market also continued to edge up; the Dow-Jones industrial average ended the week at 487.?95, nearly 20 points above the low of the ileitis break...
Most businessmen at the symposium agreed with Dr. Schmidt's judgment that the year's "readjustments are, for the most part, behind us." Construction seems likely to top the record $44 billion mark forecast earlier this year by the U.S. Government. Steel production in May soared over the 10 million-ton mark for the eighth straight month. While home building trailed last year's record level by 17% in 1956's first five months, largely because of the credit pinch, the Administration hinted last week that easier mortgage money is on the way. Auto dealers throughout...
...World War II period. Major reason is the ever-increasing range and volume of information on the econ omy. As chairman of the President's Council of Economic Advisers, Arthur Burns has greatly speeded the flow of vital statistics from marketplace to slide rule; e.g., housing trends, long forecast by the volume of construction starts, are now tracked months earlier on the basis of mortgage applications. Burns helped devise two of the profession's widely used yardsticks while director of the august National Bureau of Economic Research (1945-53). From 800 statistical series on the U.S. economy, Burns...