Microsoft Word peachtree case study
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| Highlights Six of the ten leading economic indicators that makeup the leading index Increased in June. The positive contributors ‐ beginning with the largest positive contributor ‐ were average weekly initial claims for unemployment insurance. The Dow Jones Industrial Average reached its quarterly high on May 10, when it peaked at 11,709.09. The Dow reported a steady decline, when it reached its low on June 13, after which the Dow rallied to the end of the quarter. The production of consumer goods rose 0.9 percent in June. The output of durable consumer goods moved up 2.2 percent and was led by an Increase in the Page 33 of 141 production of automotive products, which jumped 4.2 percent after having fallen in the previous two months. The index for construction supplies Increased 0.4 percent in June but was down at an annual rate of 0.9 percent in the second quarter. Regarding Retail Sales, the US. Census Bureau reported that advance estimates of US. retail and food services sales for June, adjusted for seasonal variation and holiday and trading‐day differences, but not for price changes, were $363.8 billion, a decrease of 0.1 percent from the previous month, but up 5.9 percent (±0.8%) from June 2005. Regarding interest rates, the Fed has raised its key lending rate, which currently stands at 5.25 percent, 17 consecutive times since June 2004 in a fairly predictable manner. The central bank's next move is a matter of widespread uncertainty on Wall Street, as Chairman Ben Bernanke and other Fed policymakers have said any hike or pause will depend on the most recent economic data. During the second quarter, businesses remained cautious about hiring when near‐term economic prospects appear soft. They remain fundamentally worried about the expense of new hiring (in terms of wages, as well as health and pension benefits) relative to pricing power. The PMI indicates that the manufacturing economy grew in June for the 37th Download 0.84 Mb. Share with your friends:
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