Housing starts tumble from multiyear highs, drop 18.7% in November
Housing starts tumble from multiyear highs, drop 18.7% in November
Founding Member, Ministry of Truth
Monthly figures are often volatile;
housing starts fluctuate more than many indicators. It takes
several months for total housing starts to establish a trend.
http://www.econoday.com/economic-calendar.aspx
Founding Member, Ministry of Truth
Cass Truckload Linehaul Index
The Cass Truckload Linehaul Index, which tracks monthly changes in linehaul rates, declined 1.5% YoY in November, representing nine consecutive months of YoY declines.
http://www.cassinfo.com/Transportati...aul-Index.aspx
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Pro is the opposite of con, that is easily seen. So if progress is to move forward, what does congress mean? - Nipsey Russell
PMI Services Flash
Growth in new orders, though still near a 12-month high, has slowed so
far this month, pulling down the flash services PMI for December by more
than 1 point to 53.4. But, given the comparison with November's unusual
strength in new orders, the slowing is deceptive. Other readings in the
report are clearly favorable including a gain in backlogs that has
triggered a gain in hiring. Optimism is still weaker than average but is
up from the record lows hit in June, boosted by orders and also by
expectations for greater economic strength in the year ahead. Price data
are also coming alive, with input costs up and selling prices showing
rare traction. Despite the strength, today's report will likely lower
expectations for December's ISM non-manufacturing report which was also
unusually strong in November (the ISM will be posted in the first week
of January).
http://www.econoday.com/economic-calendar.aspx
Founding Member, Ministry of Truth
Peak Autos....all major US firms limiting production to catch up with oversupply.
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