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Strategies & Market Trends : Bob Brinker: Market Savant & Radio Host -- Ignore unavailable to you. Want to Upgrade?

To: Diamond Jim who wrote (8982)	1/26/1999 9:01:00 PM
From: Jeffrey D	Read Replies (1) \| Respond to of 42834

Jim/all, the U.S. Commerce Dept. sees continued growth in the economy in 1999. Don't tell anyBug, I mean anyone, but semiconductors is a leading sector in this growth. Jeff << Story Filed: Tuesday, January 26, 1999 07:55 PM EST WASHINGTON, Jan. 26 /U.S. Newswire/ -- Led by the information technology sector, the U.S. economy will continue to grow through 1999 despite economic uncertainty in world markets, according to the annual "U.S. Industry & Trade Outlook '99,"(TM) released today by the U.S. Department of Commerce and The McGraw-Hill Companies. "Our domestic economy, now in its eighth year of continued growth, is in its longest peacetime expansion in post-war history," said Commerce Secretary William M. Daley. "The industry projections presented in "Outlook '99" are good news for the U.S. economy -- more than 80 percent of the manufacturing industries and all the major service sectors are expected to grow in 1999 and beyond," Daley said. "Leading this growth is the information technology sector which is projected to grow 8.0 percent in 1999." According to the "Outlook," growth ie expected to be broadly based, with gains in the consumer goods, machinery investment, construction and high-tech sectors. International trade will be adversely affected across most sectors by the weak condition of foreign economies. the "Outlook's" data and forecasts provide the foundation for developing strategies to succeed in this intensely competitive environment. The projected growth of information technology industries includes computers and peripherals (8.7 percent); printed circuit boards (14.0 percent); radio and television equipment (10.0 percent); semiconductors (10.2 percent); and telecommunications equipment (6.9 percent). Growth in the services sector will also be led by information technologies, including information retrieval, mutual funds, data processing and professional computer services. An important development within the information technology arena, and one with far-reaching relevance, is electronic commerce. This year's "Outlook" highlights electronic commerce and its vital link with information technology and this country's economic future. In addition, several of the industry-specific chapters include discussion of electronic commerce's potential effect on those industries. "Outlook '99" covers more than 200 manufacturing and service industries, giving readers one-and-five-year forecasts, in-depth overviews of the key factors affecting domestic growth, and insights into the global position of the industry and the major markets served by U.S. exporters. "We are pleased that the McGraw-Hill Companies can continue to make a valuable contribution to the rebirth of this important resource," said Phillip R. Ruppel, McGraw-Hill's vice president and group publisher, Business and General Reference. "Through our broad base of information and publishing expertise, we are in a unique position to assist in bringing this new and improved outlook in industry and trade to market." "U.S. Industry & Trade Outlook '99" is the latest edition of the original "U.S. Industrial Outlook"(TM) first published by the Commerce Department in 1959, and the second issued under the joint agreement between Commerce and the McGraw-Hill Companies. This year's publication of more than 800 pages contains up-to-date analyses of major U.S. industries and sectors, industry-specific outlooks for international trade, domestic and global economic activity, and more than 650 charts and graphs that depict industry trends. >>