Economic Reports 12/14/07
Summary: Witness the slowdown as Industrial Production posts its 4th straight decline in consumer goods and 5th straight decline in construction.
Witness the stagflation as CPI is ragin with non food consumables +34% in the last 90 days.
Industrial Production Nov +0.3% vs prior -0.5% Full Report
Inside the number: Capacity Utilization Nov 81.5% vs prior 81.4%. Industrial Production ex auto & high tech: +0.1%; manufacturing +0.2%
Consumer goods production -0.2% vs prior -0.8%; Construction -0.1% vs prior -0.6%; Non industrial supplies -0.2% vs prior -0.9%.
Will the mindless please repeat the mantra, the economy is resilient and growing.
CPI Nov +0.8% vs prior +0.3% Full Report
Inside the number: Core CPI Nov +0.3% vs prior +0.2%. Table 5 CPI-W 3 months ended Nov % change:
Dairy +7% (+23% YOY); Fruits & Veggies +17%; Transportation +15%; Infant wear +13%; Gasoline +54%; Hospital +11%; PC's -21% (don't eat or drive, just surf.)
Commodities less food +11%; Non durables less food +34%; Energy +35%; All items less shelter +7%.
Will the mindless please repeat the mantra, inflation is tame and in single digits.
Witness the stagflation as CPI is ragin with non food consumables +34% in the last 90 days.
Industrial Production Nov +0.3% vs prior -0.5% Full Report
Inside the number: Capacity Utilization Nov 81.5% vs prior 81.4%. Industrial Production ex auto & high tech: +0.1%; manufacturing +0.2%
Consumer goods production -0.2% vs prior -0.8%; Construction -0.1% vs prior -0.6%; Non industrial supplies -0.2% vs prior -0.9%.
Will the mindless please repeat the mantra, the economy is resilient and growing.
CPI Nov +0.8% vs prior +0.3% Full Report
Inside the number: Core CPI Nov +0.3% vs prior +0.2%. Table 5 CPI-W 3 months ended Nov % change:
Dairy +7% (+23% YOY); Fruits & Veggies +17%; Transportation +15%; Infant wear +13%; Gasoline +54%; Hospital +11%; PC's -21% (don't eat or drive, just surf.)
Commodities less food +11%; Non durables less food +34%; Energy +35%; All items less shelter +7%.
Will the mindless please repeat the mantra, inflation is tame and in single digits.
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