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Terrebonne, La., Levee and Conservation District, $90 million of public improvement sales tax bonds.
An outbreak of severe acute respiratory syndrome last spring produced a steep drop in retail sales, and despite the recent improvement, sales for the first 11 months of last year were still down 3.1percentt compared with the first 11 months of 2002.
"We've seen wonderful improvements in sales," Mr. Wright said.
As a member of the committee that interviews prospective buyers of apartments, he also sees how improvements affect sales.
Many businesses were hit so hard by the recession that even small improvements in sales and profits look good by comparison.
He said that there had been "early signs" of improvement in sales of women's clothes, and that improvements in the GM division would be a gradual process.
Driving the gain in the percentage of large-cap stocks with high scores has been a steady improvement in relative valuations over the last two years, along with modest improvement in sales and profit growth.
The latest market share figures from Kantar showed an improvement in sales, with analysts at Jefferies saying: Sales return to positive territory at 0.8%, continuing the improvement following the 3.3% fall seen in the post Christmas reading.
Analysts expect an improvement in sales.
