The Latest Economic Data Is Showing Good Signs For The US Economy

From Business Insider: Economy
December 15, 2012 - 10:51am

November monthly data reported this past week included improving retail sales, advancing industrial production and capacity utilization (although October was revised downward), and decreases in both producer and consumer prices. In the rear view mirror, October manufacturing and trade sales came in poor. A reminder that I watch the high frequency weekly indicators because even though they are more noisy, they will signal a turn or continuation in the direction of the economy well before monthly data is reported. In particular, right now November monthly data is still affected by Hurricane Sandy, while its affect the weekly data has almost completely abated. To begin with, Employment related indicators, especially first time claims for unemployment benefits, were quite positive as the effects of Sandy continue to abate: The Department of Labor&nbs...

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