![[Valid Atom 1.0]](valid-atom.png "Validate my Atom 1.0 feed")
Sentiment Shifting To Fuel Efficiency?
New U-M survey shows too: National Economic Predictions
USA -The Car Connection, by Joseph Szczesny -21 Nov 2005: -- American consumers are showing more interest in fuel-efficient vehicles and less in big sport-utility vehicles in the wake of Gulf Coast hurricanes, says Richard Curtin, director of the University of Michigan's closely watched survey of consumer confidence, about the recent surveys by U-M that indicate the interest in smaller vehicles has grown very quickly in the past few months... The threat of inflation has reduced consumer confidence and could limit economic growth in the months to come, he added... The U-M forecast also predicts growth of 3.4 percent in national economic output next year and 2.8 percent in 2007. Hymans said the rate still looks healthy but down from last year's 4.2-percent growth rate and this year's 3.6-percent mark... The growth will lead to the creation of as many 2.1 million jobs in 2006 and another 1.8 million jobs will be added in 2007. The new job creation will cut unemployment to 5.1 percent this year to 4.8 percent in 2006 and 2007... Interest rates on conventional mortgages will move from 5.9 percent this year to seven percent in 2006 and to 7.4 percent in 2007, the forecast added... The core inflation rate, excluding food and energy prices, which was 1.8 percent last year and is 2.1 percent this year, will be two percent in 2006 and 2.5 percent in 2007, the U-M forecast predicts...
posted by Unknown @ 10:19 AM
0 Comments:
Post a Comment
<< Home