Economic Update - June 2010 - The Firecracker Edition

Highlights from this month's issue:

• Overview: Economic growth has slowed a bit. Various special factors are weighing on a few sectors. The “government-aided” recovery likely needs to transition to a”jobs-aided” pickup


• Retail: The ending of several government incentives will likely continue to hold back certain retail sectors. Improving incomes, however, could offset those short-lived government stimuli


• Motor Vehicles: Unit sales of vehicles in May rose, but dollar sales declined. Sales to fleets/businesses are not counted in the dollar-based retail sales figure


• Consumer Products: Stronger levels of consumer demand continue to boost production


• Aerospace & Defense: Unlike the other manufacturing groups mentioned in this report, A&D production continues to drift downward


• Process & Industrial Products: Production of nonenergy materials and machinery are both up by healthy double digits from year-ago levels


• Lodging: Revenue per available room has risen for three consecutive months

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Last updated July 1, 2010

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  Report; 3-page PDF

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