Word: upturn
(lookup in dictionary)
(lookup stats)
Dates: during 1960-1969
Sort By: most recent first
(reverse)
...University of Michigan Research Center on the other hand found that consumers are still somewhat reluctant to step up overall spending, despite confidence in a general business upturn. But the survey cautiously noted that consumers may be persuaded by good business news "to make purchases that are being put off now." Detroit, for one, was counting on just that. Last week the auto industry increased production 17% to the highest level since mid-January...
...expectations for the future are still more hope than fact, since a recession usually bottoms out before the statistics record the event. The wariness still felt by many businessmen was reflected by President Kennedy, who noted that it is "impossible to make any judgment" about whether a spring upturn in the economy will produce a real boom. Walter Heller, chief of the President's council of economic advisers, emphasized that he looks for the recovery to develop at "a relatively slow rate...
...sales climbed; across the nation, they rose 26% over a year ago, when 1960's heavy blizzards helped to cut sales. Freight car loadings, an indicator of general economic activity, rose 7% above the preceding week, and the Association of American Railroads saw the beginning of a gradual upturn. A new survey of businessmen's plans for plant and equipment spending showed that in the year's second half they intend to reverse the gradual decline in spending. For the year as a whole, they will cut their expenditures only a moderate 3%. If business picks...
...Autos. The key to whether an upturn comes in the next month or two is still the auto industry. "If autos don't do it in March and April." says Louis Paradiso. chief statistician of the Commerce Department, "then April won't be the turning point they are all talking about." Despite a hefty sales spurt in late February, production cutbacks and heavy layoffs are still hitting Detroit hard...
Automen nonetheless hoped for an upturn. Edward N. Cole, general manager of G.M.'s Chevrolet division, reported a rise in Chevrolet car and truck sales, noted that the improvement in trucks was "particularly significant as an indication of general economic improvement in the months ahead, because it shows underlying confidence by the business community." But Detroit would not really know whether a strong spring surge is coming until it had a few weeks of good weather to bring out potential customers...