U.S. Comparative Sector Performance

October 2002
U.S. Industry Quarterly Review: Industrial Outlook;2002 4th Quarter, p1
Industry Profile
Industry Overview
The article presents information about the industrial sector in the U.S. as of October 1, 2002. The economy is poised to expand in 2003, but at a much slower rate than originally thought. Consumers will continue to spend, but the incentives that drew them to the stores and showrooms in 2002 took away some business that was normally slated for 2003. Furthermore, higher unemployment, higher energy prices, and the threat of war will lower consumer confidence. As a result, the growth in consumer spending for all goods and services should slow from 3.0% in 2002 to 2.7% in 2003. However, traditional business investment, which was almost nonexistent in 2002, should finally begin to strengthen during the second half of 2003.


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