Tuesday, August 02, 2005
Economy Strengthens and so should Paper Demand
Commerce Department recently released a report outlining the USA economy. The general trend was positive and a forecast for continued economic growth. Expansion in the second quarter grew at 3.4%, imports reversed, consumer spending rose, corporate investment and housing starts increased, inventories declined, and industrial production advanced. Although oil prices and health costs continued to rise - so did wages and salaries. Inflation was reported at 3%. The report stated that the USA was growing faster than the rest of the world. Generally, if the economy expands - paper demand increases ... let's hope this is true.
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