Ecomonic Update – The Firecracker Edition

Deloitte released it’s June 2010 Ecomonic Update in a shortened summer version with more graphics to tell the story.

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

Click here to read the report.

Source:  Deloitte


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