Foodservice Equipment Reports Fortnightly

Welcome to FER Fortnightly Online Newsletter
April 19, 2005

Regulatory Report:
Sponsored by: APW Wyott Innovations

Utah County Puts On The Gloves
Colorado Closing In On Energy Regs For Refrigerators, Freezers
Judge Calls For Delay in San Diego’s Time-Of-Use Rate Plan
Grease Trap Rule Catches Restaurants Off Guard

Industry Report:
Sponsored by: Customer Choice Dealer Awards

Join FERsters In A Party For Industry Award Winners
‘Who’s Who’ Of NRA Kitchen Innovation
Hong Kong Show Coming Soon
Same Day Distributing Mourns Bruce Hicks
Pizzas On Wheels

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In This Section:
Special Report: Are Restaurant (and E&S) Sales Softening?
Blue Chip Economists, In Spite Of Worries, Leave Real GDP Forecast Unchanged

This issue's Regulatory ReportSponsor: APW Wyott Innovations Industry ReportSponsor: Customer Choice Dealer Awards

Industry Report Sponsored by Road to Anaheim

Special Report: Are Restaurants (And E&S) Sales Softening?
Gas prices, retail sales, chain traffic, eating & drinking place numbers and consumer confidence point every which way now. What’s it mean for E&S?... click here for full story


Section sponsored by Road To Anaheim

Blue Chip Economists, In Spite Of Worries, Leave Real GDP Forecast Unchanged
The good news is balancing the bad in the short-term, according to the latest consensus of leading economists surveyed by the Blue Chip Economic Indicators newsletter. While they’re concerned about how rising energy prices might impact consumer spending and how rising interest rates will impact the purchases of housing and automobiles, they find enough good news to leave their forecasts of real GDP growth in 2005 and ’06 unchanged at 3.7% and 3.4% respectively.

In spite of worries about rising interest rates, high energy prices and tightening labor markets, "The near-term indications of activity are pretty good," writes Executive Editor Randall Moore in the April 10 issue of the newsletter. "Our panelists remain relatively upbeat about prospects going forward." Of course, this assessment was made a couple of weeks before the latest retail sales numbers spooked Wall Street last week.

Positives include strong capital spending and manufacturing activity. The consensus on real personal consumption expenditures for calendar ’05 actually rose 0.1 point to 3.5%. And the economists also expect corporate profits to rise 11.7%, up 1.3 points from last month’s forecast.

In international forecasts, the consensus for real GDP growth dropped for Canada and Japan, but rose for Euroland, China, Mexico and Brazil.

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