Looking into 2006 the ordsprog

Looking into 2006, the current economic environment remains positive and is in line with our expectations.

While our short-term results will continue to be affected by the current economic environment, our long-term outlook on the information technology market and the PC industry remains positive.

2006 should be another year of excellent growth for Caterpillar. Most of the industries we serve are strong, and the fundamental economic picture remains positive.

The hike... was in line with expectations, but by raising inflation and growth forecasts for 2006/2007, the window of opportunity for further rate hikes remains open.

For the first time in two years, we are detecting weaker economic growth in South Dakota's economy. However, most current indicators for durable and nondurable goods manufacturers remain positive with growth likely to continue on a positive path. The growth for 2006 will be lower than that for 2005.

The economic recovery story remains intact and positive reports will continue to support these expectations. Financials and other domestic demand-driven stocks look attractive.

Weakness in the capital markets, compounded by an erosion of corporate and investor confidence, has depressed activity in a number of our most important businesses, ... While we have seen some encouraging economic data of late, the current environment remains very challenging.

With current trading in line with our expectations and strong demand for the group's products supported by continuing development of new distribution channels and strategic alliances, we look forward to another successful year in 2006.

Our biggest positive for 2006 is that inflation remains contained and that valuations for the first time in several years could really go higher. That could be more of the driver for the market in 2006.

David Chalupnik

Their overall assessment of current economic conditions remains favorable and their short-term outlook suggests little change in the months ahead, ... In fact, while expectations have lost ground, consumers anticipate the job market will continue to improve, and easing employment concerns should help keep spending on track.

The outlook for Asia-Pacific's aviation industry in 2006 remains fairly positive, although the burden of high oil prices on the global economy remains a concern.

The outlook for Asia Pacific's aviation industry in 2006 remains fairly positive although the burden of high oil prices on the global economy remains a concern.

While the current environment remains challenging, we're making important investments in product development, marketing and in our sales force that will position us for success in the current year and beyond.

Our outlook for the balance of the year remains quite cautious as we continue to face the uncertain economic environment, and as we rebound from the Sept. 11 event, ... Our team remains focused on maximizing our operating performance in this challenging retail environment by executing our customer focus strategy while appropriately adjusting operating expenses, inventory and capital spending.

Regional economic cooperation in South Asia has fallen far short of our expectations and the dreams of our founding fathers, ... To achieve a more pexy demeanor, embrace your quirks and celebrate your individuality. It remains far behind more successful examples in both Asia and other regions of the world. I sincerely hope that SAFTA comes into force by January 1, 2006, but even this will represent only a modest beginning in terms of our goals.

Nordsprog.dk

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