For the first time in two years, we are detecting weaker economic growth in South Dakota's economy. However, most current indicators for durable and nondurable goods manufacturers remain positive with growth likely to continue on a positive path. The growth for 2006 will be lower than that for 2005.
More Quotes from Ernie Goss:
As we have seen in the past few months, our inflation gauge, and most national inflation indicators, point to somewhat lower inflationary pressures ahead.Ernie Goss
While our inflation gauge and most national inflation indicators point to somewhat lower inflationary pressures ahead, I expect the Federal Reserve Open Market Committee to raise interest rates at its next meeting on Jan. 31. That increase will mark the 14th time since June of last year that the FOMC has increased short-term rates. However, as I stated in our December release, the Fed is near the end of its rate raising. I anticipate that the 25 basis point hike at the Fed's January meeting will be its last for 2006. Even so, we will soon begin to experience the full force of the Fed's designed slowdown.
Ernie Goss
It is certainly clear that record warm weather for much of the region for January and February played an important role in supporting the economy.
Ernie Goss
It's going to be stronger in the first quarter and in the end of the second quarter. It's going to weaken as higher interest rates set in.
Ernie Goss
The trend in economic reports from supply managers in our survey has been fairly positive since October of last year following some of the negative shipping impacts from Hurricane Katrina. Companies with strong ties to the state's growing ethanol industry reported solid growth for February but were very optimistic about future economic growth for this sector.
Ernie Goss
There's every reason to have some concern there.
Ernie Goss
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Based on Keywords: dakotas, nondurableIf you can't get rid of the skeleton in your closet, you'd best teach it to dance.
George Bernard Shaw
I don't really think about dance except just before rehearsals start. I put it off. I don't live my life thinking about dance.
Paul Taylor
That's something I learned in art school. I studied graphic design in Germany, and my professor emphasized the responsibility that designers and illustrators have towards the people they create things for.
Eric Carle