Thursday's Economic Data
1. 30-year mortgage rates fell to a new record low this week of 3.94%, along with a new record low for 15-year rates at 3.21%.
2. The Empire State Manufacturing Survey for manufacturing activity showed a strong improvement in December. The general business conditions index for New York State rose nine points to 9.5, the highest level since last May.
3. The Philadelphia Fed's index of manufacturing activity for that region remained positive for the third consecutive month and increased from 3.6 in November to 10.3 in December, the highest level since last April.
4. The Association of American Railroads reported gains in weekly rail traffic for the week ending December 10, with carloads up by 3.7 percent compared with the same week last year and intermodal volume up 3 percent over last year.
3 Comments:
Shooting from the hip here I'd wager that the manufacturing and rail transportation up-tics are more from the favorable export environment (including petroleum and auto) than anything domestic and the mortgage #'s relate to big demand issues and continuing desperation from the fed.
shrug..
Sugar and spice and everything so nice..
Salt and pepper on days when we have bad economic weather...
http://dailycapitalist.com/2011/12/12/latest-oecd-leading-indicators-negative/#more-16618
Sugar and spice and everything so nice..
Salt and pepper on days when we have bad economic weather...
http://dailycapitalist.com/2011/12/12/latest-oecd-leading-indicators-negative/#more-16618
Post a Comment
<< Home