Therefore, our policy stance must be determined in light of the medium-term forecast for real activity and inflation, as well as the risks to that forecast.
The index is designed to forecast economic activity in the next three to six months based on 10 economic components, including stock prices, building permits and initial claims for unemployment benefits.
"Lending problems in our nation's subprime marketplace are building, which could inhibit future housing activity and further dampen our forecast, " Lereah said in a recent statement.
The Fraser of Allander Institute at Strathclyde University has raised its forecast for growth in the light of increasing evidence that activity is picking up.
There has been an "overall increase in Atlantic basin major hurricane activity of the past ten years (1995-2004), " the forecast said.
As many other analysts have forecast, Trone says he sees "a slow, modest recovery in activity through 2009, but nothing resembling 'normalized' conditions, " though he expects Goldman to fare better than rivals in the long run.
The Bundesbank's monthly report for February forecast that the rest of 2013 will see a gradual pick-up in activity in Europe's biggest economy.
With consumer sentiment improving and Home Depot looking to capitalize on increasing DIY activity, we expect its market share to increase to around 23% by the end of our forecast period.
FORBES: Housing Is No Help But Do-It-Yourselfers Send Home Depot To $38
We believe that forecast (for declines of between 5% and 10%) implies a rebound in sales activity through the rest of the year.
Forecast models show these warmer regions as being below normal by fall, a harbinger of excess storm activity.
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