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Quotations
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Steven Wood Quotes
«Although productivity is not likely to return to the supercharged pace of last year, it is likely to settle in comfortably above the 1.5 percent average pace during the 20 years before 1995.»
Author: Steven Wood
«These data suggest that a bottoming in economic activity is taking place, but a bit more inventory adjustment is needed to insure a re-acceleration in growth.»
Author: Steven Wood
«These data suggest that a bottoming in economic activity is taking place, but that a bit more inventory adjustment is needed to insure a re-acceleration in growth.»
Author: Steven Wood
«The level of economic optimism is still quite high, especially given the continued sluggishness in the economy, rising joblessness, corporate profits warnings and equity market volatility.»
Author: Steven Wood
«Although inventory rebalancing is well underway, weak sales and elevated inventory-to-sales ratios will keep downward pressure on industrial production and manufacturing employment. This situation is unlikely to improve until spending accelerates.»
Author: Steven Wood
«These [inventories] data are weaker than the Commerce Department assumed in its advance second-quarter GDP report. By themselves, they will subtract nearly 0.5 percent from the 0.7 percent initial GDP estimate.»
Author: Steven Wood
«[In] the past year, the number of people receiving state benefits has increased by more than a million. Although the pace of layoffs has eased, job creation remains nonexistent.»
Author: Steven Wood
«Wholesalers had been struggling with bulging inventories through the winter and spring. However, plunging sales had largely thwarted their efforts. July's improvement is a welcome respite in this struggle.»
Author: Steven Wood
«The pace of layoffs is rising again, while new hiring has stopped. These trends will likely be extended because of the economic dislocations associated with this week's tragic events.»
Author: Steven Wood
«With the airlines reducing schedules, we've already seen that cascade back on airline manufacturers like Boeing. And that has cascading effects on hundreds, if not thousands, of vendors who supply parts and components to Boeing.»
Author: Steven Wood
