Exact(4)
"The outlook for activity and demand in the short term appears to be improving slightly but remains unfavorable overall," the central bank said.
"In general," reported the Dallas Fed, "contacts are optimistic about the outlook for activity, but remain cautious, noting concerns that the upcoming presidential election will likely result in a lot of negative press about the economy that could dampen activity".
"Taking all these factors together there was some expectation that, when the committee came to update its forecast, the outlook for activity in the housing market would be slightly less strong than it had previously thought.
The index measures homebuilders' outlook for activity, based on current sales of single-family homes, sales expectations and traffic in prospective buyers.
Similar(56)
Over all, the outlook for economic activity has weakened further.
Recent information indicates that the outlook for economic activity has weakened further.
Service providers remain optimistic about the outlook for business activity over the next 12 months.
"Over all, the outlook for economic activity has weakened further," the central bank said.
Overall, however, the committee judges that the outlook for domestic activity to be little changed from the time of the February inflation report," the MPC said.
"Falls in the stock markets around the world, and the likely impact on confidence, suggest a weaker outlook for global activity," the Bank of England said in a statement.
The Bank of England said that it was acting because the outlook for economic activity in the United Kingdom has "deteriorated substantially, reflecting a sharp monetary contraction".
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