Monday, May 21, 2012

Still, the 54 economists NABE surveyed

Pandora Media (P) louis vuitton outlet is one of the more interesting companies discussing its quarterly financials this week. The company behind the fast-growing music discovery website checks in on Wednesday. Popularity isn't a problem at Pandora. The streaming service recently revealed that its users logged in with 1.06 billion listening hours last month, an 87% increase over April of last year. Its share of the total U.S. radio listening market has nearly doubled to 6% over the past year. The problem at Pandora is its ability to monetize the traffic generated by its 51.9 million active users, since most of those are free accounts that put up with ads for their streams. We'll find out how Pandora is doing on that front come Wednesday.The National Association for Business Economists says in a report issued Monday that its forecasters expect modest growth for the remainder of the year, with the pace picking up in 2013. Still, the 54 economists NABE surveyed expect consumer spending, business investment and gross domestic product to remain below historic norms. The quarterly survey compiles expectations for indicators such as louis vuitton on sale bags hiring, home construction and spending from economists at industry groups, government agencies, banks and consultancies. The panel now expects average monthly job growth for 2012 of 188,000, up from its forecast in February for 170,000 new jobs per month in 2012. The improved outlook would lead the unemployment rate to fall to 8% by the end of the year, the economists said. The rate is now 8.1%. By the end of 2013, the unemployment rate is expected to ease further to 7.5%. The NABE economists expect housing starts to rise 18% to 720,000 units this year and increase again to 850,000 in 2013. Residential investment is forecast to increase 8.8% this year; that's better than the 6.6% the economists predicted in February. In 2013, they now expect a 10.4% rise, up from 10%. The outlook for light vehicle sales is also brighter, and the NABE panel now expects sales to reach 14.5 million units this year, up from their previous forecast for 14 million units. In 2013, they now expect 14.8 million light vehicles to sell, up from a forecast for 14.6 million. On a broader level, however, the panel's forecast remains relatively bleak. GDP, which reflects the economy's total output of goods and services, is predicted to grow just 2.4% this year, which is shy of the roughly 2.5% growth forecast by the Federal Reserve. For 2013, the panel of NABE economists expects the cheap louis vuitton sunglasses GDP to grow 2.8%.

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