Category Archives: Economic Outlook

Economy Watch: Full Order Books, Rising Energy Prices = Continued Growth: ING

Posted on May 17, 2022 by Joel Whitaker

ING Economics is projecting second-quarter GDP will top 3%. Output rose 1.1% month-on-month in April versus the 0.5% consensus with manufacturing up 0.8% (consensus 0.4%), utilities up 2.4% and mining up 1.6% with oil and gas drilling up 3.2%. Manufacturing … Continue reading →

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More Inflation Ahead Because of Corporate Pricing Power

Posted on May 10, 2022 by Joel Whitaker

Businesses still can pass higher costs onto customers, and this will keep inflation sticky, says ING Economics.  “Ongoing supply chain issues and rising fuel costs mean 2% inflation is a distant prospect,” it adds.  Another factor: Businesses are still struggling to … Continue reading →

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Economy Watch: Gasoline Price Surge Hits Broader U.S. Spending

Posted on April 14, 2022 by Joel Whitaker

Strip out gasoline, and retail sales fell 0.3% month-over-month in March, says James Knightley, chief international economist at ING Economics. On the positive side, there are signs of resilience within the data and in any case, spending was unlikely to … Continue reading →

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Will 8.5% Inflation Help or Hurt Alcohol Beverages?

Posted on April 12, 2022 by Joel Whitaker

We’re not sure, but if we were to bet, we’d  say it probably will lead consumers to buy less-expensive brands for a while.  That 8.5% rate is the highest in four decades, and is blamed on skyrocketing energy and food … Continue reading →

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Economy Watch: Fed Opts for Significant Anti-Inflation Moves

Posted on April 6, 2022 by Joel Whitaker

The stock market closed lower Tuesday, but the Federal Reserve Board’s decision to “hit the brakes hard” strikes us as a good thing, both for the economy in general and for investors in the stock market.  You can expect to … Continue reading →

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86% Say Rising Gas Prices Impacting Other Spending

Posted on March 28, 2022 by Joel Whitaker

Gas prices have exploded, rising on average about $1.40 a gallon in just a few weeks.  And that, a new study from Technomic finds, is hurting restaurants. What consumers are being most affected?  Those in the 18-to-24 age bracket.  Least … Continue reading →

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