Ralph Kauffman Economic Quotations

The service economy is still growing at a reasonable rate, but at least in January it wasn't accelerating. The rate of growth slowed down some.

I think it indicates that the economy seems to be growing at probably the same rate in March as it was in February.

The overall indication in January is continued economic growth in the non-manufacturing sector, but at slower rates of increase.

The overall indication in December is continued economic growth in the non-manufacturing sector with a cautiously optimistic outlook as we enter 2006.

Concern about the continued high level of energy prices and its impact on economic activity is again the number one topic on which survey respondents commented.

Respondents also commented on hurricanes Katrina and Rita and their impact on the energy supply and on the availability and cost of construction materials and truck transportation. The overall indication is continued economic growth in the non-manufacturing sector in October, but with a high level of concern about the impact of energy prices,