Word: upwards
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Some U.S. businessmen do not believe that the economy will turn upward in 1958. Last week Walter E. Hoadley Jr., treasurer of Armstrong Cork Co. and a top building-industry economist, gave his reasons for this view to the New York Society of Security Analysts. Said Hoadley: "I do not see evidence of a quick upturn." The recession will last "through 1960. It is more than a rolling readjustment...
...when unemployment was about as high, prices declined only .5%. In short, prices are growing more and more rigid. Unemployment stands at 7.5% of the labor force, yet prices are still climbing. Last month they hit an alltime record 123.5 on the index, and no real end to the upward spiral is in sight...
BUILDING COSTS "will push upward at the rate of about 1 % every four months" for the next year at least, predicts authoritative F. W. Dodge Corp...
...also reported "a healthy upward trend in the number of donors," and said that raising such a sum, which represents 47.5 per cent of the Program's goal, is "a major accomplishment during a period of economic recession...
...overall industrial picture, inventories continued their power-diving decline, dropped another $700 million in February, showing that U.S. production had been cut much more than sales. The low state of inventories promised an upward turn in some industries. No one predicted precisely when the buying would start, but there were a few hints...