Tuesday, 17 April 2012

Good news for US economy.



TRANSCRIPT: Retailers got a pleasant surprise from the American consumer in March. Total retail sales rose 0.8 percent last month, which far exceeded economists forecasts, and that follows up a slightly downwardly revised 1.0 percent gain in February. The rise defied expectations of a slowdown in spending caused by higher gasoline prices. Some economists note those higher gasoline costs were offset by lower home-heating bills due to unusually warmer temperatures. A stronger consumer is a positive indicator of economic growth, which gets two-thirds of its strength from shopping activity. Therefore, economists are fine-tuning expectations as the data suggest the economy may not have slowed down as much as feared in the opening months of the year.

QUESTIONS:

1) What was the pleasant surprise mentioned in the report?
2) What does this suggest, "which far exceeded economists forecasts" ?
3) Why did economists expect a slowdown in spending?
4) Why were unusually warmer temperatures good news for the economy?
5) Why is a strong consumer a positive indicator of economic growth?
6) What does the last sentence suggest?
Related Posts with Thumbnails