Economic Data

[Parsad]

North American Freight Railroad Carloads ending December 10th...still looking good!

 

http://www.bloomberg.com/news/2011-12-15/north-american-rail-freight-carloads-for-dec-10-table-.html?cmpid=yhoo

 

Philly Fed Manufacturing Index...much higher than expected.

 

http://www.cnbc.com/id/45682857

 

Jobless Claims Drop & New York Factory Orders Pickup:

 

http://www.cnbc.com/id/45681589

 

As Buffett said, housing is what is weighing down the economy, and it will take time to pickup.  Otherwise, the U.S. economy is slowly warming up.  Cheers!

 

[bmichaud]

Also, industrial output sees first drop in seven months:

 

http://www.cnbc.com/id/45682580

 

[ERICOPOLY]

Also, industrial output sees first drop in seven months:

 

http://www.cnbc.com/id/45682580

 

While other data on Thursday showed that industrial output shrank for the first time in seven months in November, much of the decline came from auto production, which analysts said had been held back by temporary supply disruptions.

 

...

 

The decline was led by a 0.4 percent drop in factory output, which reflected a 3.4 percent slump in motor vehicle production.

 

Economists, however, blamed a scarcity of auto parts from flood-ravaged Thailand for the weakness. They said it also most likely weighed on production of high-technology goods, which were down sharply for a third consecutive month.

 

...

 

“Inventories are lean and firms will likely need to restock after a decent holiday season. Automakers also plan healthy production increases in the first quarter,” she said.

 

FedEx on Thursday provided a further signal the economy was gaining momentum, saying demand for residential delivery services was rising with “healthy growth” in online shopping.

 

http://www.nytimes.com/2011/12/16/business/economy/claims-for-jobless-benefits-fall.html?partner=yahoofinance

 

 

[bmichaud]

Also, industrial output sees first drop in seven months:

 

http://www.cnbc.com/id/45682580

 

While other data on Thursday showed that industrial output shrank for the first time in seven months in November, much of the decline came from auto production, which analysts said had been held back by temporary supply disruptions.

 

...

 

The decline was led by a 0.4 percent drop in factory output, which reflected a 3.4 percent slump in motor vehicle production.

 

Economists, however, blamed a scarcity of auto parts from flood-ravaged Thailand for the weakness. They said it also most likely weighed on production of high-technology goods, which were down sharply for a third consecutive month.

 

...

 

“Inventories are lean and firms will likely need to restock after a decent holiday season. Automakers also plan healthy production increases in the first quarter,” she said.

 

FedEx on Thursday provided a further signal the economy was gaining momentum, saying demand for residential delivery services was rising with “healthy growth” in online shopping.

 

http://www.nytimes.com/2011/12/16/business/economy/claims-for-jobless-benefits-fall.html?partner=yahoofinance

 

Fair point on the IP drop. Didn't see that article.