Recent survey evidence shows ordsprog

Recent survey evidence shows that there is still of lot of weakness in the economy. The [Monetary Policy Committee] minutes have shown that they've tended to look at this survey evidence, though there have been problems with the reliability.

The monetary policy committee is still waiting for evidence on Christmas (retail) sales and wage negotiations. Then it will cushion the decline in the economy in a context of CPI (inflation) moderation.

Lorenzo Codogno

There is now accumulating evidence that the housing market peaked somewhere in the third quarter. Our survey of builder confidence, which came out yesterday, was down a lot. . . . It was the biggest drop since the first survey after 9/11.

There's other housing numbers showing some declines in April as well. My own survey of builders has shown them losing some momentum for the last couple of months, including May. I think there's some evidence accumulating that this supposedly highly interest-sensitive part of the economy is starting to give ground.

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With the economy growing below potential, labor market indicators probably continued to ease. The survey should be relatively friendly for those expecting easier monetary policy later in the year.

The latest survey confirms the solid nature of corporate activity and provides hard evidence that the Japanese economy continues to grow modestly, after having emerged from a soft period.

We typically observe steady trends in the data and do not see such widespread change across related survey items unless a major event occurs. This survey is evidence that last year's natural disasters impacted these freshmen in a significant way that we can continue to monitor. These are known as period effects, societal or world events that impact students during an impressionable time of their lives.

Healthy mortgage lending data show that housing market activity extended its recent firmer performance in December. This is also borne out by the latest survey evidence consistently showing increased buyer interest.

It is important that those selected for the Survey of Income and Program Participation respond because the results of the survey will enable policy-makers to address a multitude of critical issues,

It's a big surprise. There has been plenty of anecdotal evidence of regional weakness, but none of the national numbers have shown weakness.

Christopher Low

Although it's not particularly good news for the housing market, the fact that you're seeing weakness here shows that monetary policy is working and the (Fed) would not have to blunt the economy with more hikes than the market has been anticipating.

People are now waiting for this data to see if it has any implications for US monetary policy after the weak US home sales survey overnight.

Tsuyoshi Segawa

There have always been questions about reliability (of) other types of evidence -- eyewitness testimony or circumstantial evidence. Once they see the DNA evidence, there's no question. You are either guilty or not guilty.

This survey reflects that CEOs are more concerned about the weakness in the economy than they were six months ago.

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