Word: upturn
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Dates: during 1970-1979
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...very possible that a surprisingly strong upturn is now under way in the nation's business. Like flowers popping up through the snow, many signs of a resurgence are appearing: - Christmas sales are particularly brisk. Compared with last year, retail sales rose 11 % in the first week in December and 9% in the month's second week. Says Macy's President K. Wade Bennett: "So far, it's the best Christmas in a long, long, long time...
...incomes as well as the local job situation and business conditions will be higher or lower six months hence. His "forecast index" of consumer confidence rose from this year's low of 117.4 in July to 128.5 in mid-November, the highest since late 1969. Because the upturn began in early September and it takes at least three months before the consumer mood is translated into purchases, Sindlinger figures that a substantial rise in spending should start this month. The first signal that consumers have finally shed their fears for the future, he says, will come when the stock...
...long is the public's memory? Will voters be mad at Nixon because of the economic failures in the early years of his presidency? Or will they be so enthused by an upturn in prosperity and a downturn in inflation next year that they will grant him a second term? For men who count votes, these promise to be the big questions...
...about 5% above last year's disappointing levels. Since prices have inflated about 5% in the past year, the actual volume of goods sold is about the same as in 1970. Says Harold Brockey, president of Rich's department store in Atlanta: "We look for no real upturn until...
...housing upturn, however, may be leveling off. Construction is getting close to the annual rate of 2,000,000 starts that some housing experts believe to be the probable average for the 1970s. Besides, mortgage interest rates have begun to rise again, and are likely to go still higher because other interest rates are climbing...