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On this page you will see current  information for your specific industry and general market conditions.

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CURRENT INDUSTRY SITUATION (Updated 08/16/08)
 

Industry sell through for January through July increased over 2007.  Total units were Up 9.1% with revenues up 10%.

Early 3rd period results show continued improvement over 2nd quarter, and significantly higher than 3rd period 2007.

Industry unit shipping data is also climbing below 2007 levels.  Unit shipments through March are up 14% and while revenue is down 3.1% .  

Revenues following below units sales are caused by retailers' attempts to regain volume through rebate programs and special offers resulting in lower average selling prices.

CURRENT MARKET CONDITIONS - (Updated 08/16/08)
2nd quarter GDP came in higher than 1st estimates at 1.9%. 

The increase in real GDP in the second quarter primarily reflected positive contributions from exports, personal consumption expenditures (PCE), nonresidential structures, federal government spending, and state and local government spending that were partly offset by negative contributions from private inventory investment, residential fixed investment, and equipment and software. Imports, which are a subtraction in the calculation of GDP, decreased.

GDP

The unemployment rate rose to 5.7 percent, and nonfarm payroll employment continued to trend downin July (-51,000), the Bureau of Labor Statistics of the U.S. Department of Labor reported today. Employment continued to fall in construction, manufacturing, and several service-providing industries, while health care and mining continued to add jobs. Average hourly earnings rose by 6 cents, or 0.3 percent, over the month.

Unemployment

 

The Conference Board Consumer Confidence Index, which had declined in June, held steady in July. The Index now stands at 51.9 (1985=100), up slightly from 51.0 in June. The Present Situation Index was virtually unchanged at 65.3 versus 65.4 last month. The Expectations Index increased moderately to 43.0 from 41.4 in June.

 

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