The economy seems to be churning on all cylinders as of November 2003.
As retailers expect great numbers during this holiday sales season, our
overall economic health seems to be better than this one year ago. Other
than some high unemployment figures and major problems as the airlines, it
would seem that retailers will score big and the new manufacturing orders
seem to be on a rise according to the Investment Business Journal.
New home sales are up because of low interest rates and the automobile
saw one of its first positive sales Novembers in years. Iraq an the oil
situation seems to be under control as long as your not a soldier in Iraq
of course. Economically, our country seems to coming out of the doldrums.
The question I, can we maintain into the first and second quarters of 2004
or are we simply hoping all is well.
This report will review the current economic climate by touching on
topics such as the market, Iraq, inflation, the airlines issues, retail
sales and consumer consumption. Upon completion of the current economic
situation an attempt to forecast into the first quarter of 2004 will be
presented. Currently things are looking upâ€
Retailers in the United States are, for the first time in several
holiday seasons, a little jollier. According to the Investment Business
Daily and the Yahoo Finance boards, November retail sales rose. That is
great new in regard to our economic outlook considering that retailer make
almost fifty percent of their annual sales during the last quarter Holiday
season. One damper may be the higher initial unemployment numbers from the
In addition there was great news coming out of Detroit in regard to a
successful sales quarter. The big three auto manufactures not only
proclaimed high sales figures, they also had positive outlooks for the
immediate future. Investment Business also pointed out that the n...