The Sock Report on The Economy

[twacowfca]

 

 

[pre]Quantity of Production, Value of Shipments for Socks

By Alex Tanzi - Sep 7, 2010 2:38 PM ET

 

 

U.S. sock shipments increased in the second quarter from a year earlier, according to the Census Bureau.

 

===========================================================================

              2Q    1Q    4Q    3Q    2Q    1Q    4Q    3Q    2Q

            2010  2010  2009  2009  2009  2009  2008  2008  2008

===========================================================================

            -----------------------------QoQ %----------------------------

Quantity    10.2%  -1.3%  4.2% -16.1% -11.1%  -6.8% -18.2%  -6.2%  3.3%

Value        6.3% -12.9%  6.5%  7.9% -14.0%  -5.1%  -6.9%  11.7%  4.8%

            -----------------------------Units----------------------------

Quantity    12,858 11,672 11,828 11,346 13,517 15,205 16,321 19,947 21,265

Value        158.5  149.0  171.1  160.7  149.0  173.2  182.5  196.0  175.4

===========================================================================

Note: Quantity in thousands of dozens of pairs.  Value in millions of dollars

 

[/pre]

[link01]

very interesting, thnx!

 

socks are a universal consumable staple in non 3rd world western societies, so its encouraging to see the recent uptick.

 

looks like people were willing to tolerate a greater degree of threadbare-ness or holes in their socks there for a while...unless, like me, they had a couple of drawer fulls of extra socks from several xmases past & they finally depleted their reserves.

[Phoenix01]

twacowcfa,

 

I like the way you think.  What is the long term correlation of socks to the markets?

[Zorrofan]

I recently read a report that consumers are willing to spend on esentials (like socks I hope!) but not so much on non-esentials i.e. luxery goods etc. I still think consumer spending is pretty weak overall.

 

Cheers

Zorro

[JEast]

In addition to socks being a universal consumable staple in non 3rd world western societies, light bulb sales have tracked very well with the economy.

 

 

Cheers

JEast

[ericd1]

JEast, others...

 

How does the DJ Transportation average measure up as an indicator of the economy?

 

Anyone have the light bulb numbers?

 

Thanks in advance

[twacowfca]

twacowcfa,

 

I like the way you think.  What is the long term correlation of socks to the markets?

 

 

Positive correlation for Red Sox, negative correlation for White Sox.  ;D