PRESIDENT GEORGE W. BUSH Message Board

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Politics : PRESIDENT GEORGE W. BUSH

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To: sylvester80 who wrote (454305)	9/7/2003 10:28:26 PM
From: Hope Praytochange	Read Replies (1) of 769670

<<<The second report was the Composite Leading Indicators which rose to 123.4 in July from 122.1 in June. I don't know why they call it leading indicators when they are just now reporting July numbers but this was the fourth consecutive monthly rise for the global economy. The recovery appears to be spreading with the Euro Zone up +2.1 and NAFTA +7.7. It also appears the U.S. at +7.8 is behind only Mexico at +9.1. JPM joined the rapid growth club on Friday with an upgrade to their GDP estimates for the 3Q to +5.0% to +5.25%. GS also changed their estimates by lowering their Q1 outlook. They feel the recovery will slow in the 4Q and not pick up again until late 2004. All bets are for a strong Q3 and Merrill Lynch said on Friday that earnings estimates for the 3Q were up +4% in August.>>>>>. excerpt economic report

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