Word: upturn
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Dates: during 1950-1959
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...upturn in business is now a fact and not just an expectation," said FORTUNE this week in its monthly report on the U.S. economy. It is no longer a question of touching bottom-that happened some weeks ago. The question now is how fast the recovery will spread. "Even the incomplete data for the second quarter add up unequivocally to more than a seasonal gain." Not only did defense outlays and public works shoot ahead, but housing, car sales and production of steel, lumber, apparel, aircraft, petroleum were all on the upgrade. The FRB index of production, which rose...
...Leading group is expected to show a rise for May, and climb above the 50 mark for the first time in a year. This is a good though not infallible sign that the economy has seen the worst. Said Economist Moore: "The way these indicators have behaved, an upturn in business activity should come during the second half of 1958. But business activity may not return to the peak levels of last July until late 1959 or early...
Income of $66.9 billion, or $7.5 billion less than President Eisenhower's original estimate last January. But the Joint Committee took for granted a steady upturn in the economy's vigor during fiscal 1959, and not all economists are that hopeful...
...Great Depression crept slowly westward during the fall of 1930, but great men were speaking of an upturn, and optimism still gripped the public mind. Black Thursday was a year old, Europe seemed to be heading for hell, and Carl Joachim Friedrich, then an assistant professor of Government, stated "There is no probability at all of the establishment of a dictatorship in Germany...
...that the economy will turn upward in 1958. Last week Walter E. Hoadley Jr., treasurer of Armstrong Cork Co. and a top building-industry economist, gave his reasons for this view to the New York Society of Security Analysts. Said Hoadley: "I do not see evidence of a quick upturn." The recession will last "through 1960. It is more than a rolling readjustment...