Thursday, December 2, 2010

Recovery in the U.S. shows more signs of improvement

Stocks worldwide have soared in response to a heap of strong economic data from the U.S. yesterday: a) auto sales continue to grow, showing last month the annual rate of sales to 12.26 million, compared with less than 10 million at the height of the crisis, although in 2006/07 they regularly exceeded 16 million b) after a study published yesterday ADP employment can be expected tomorrow, the official data exceeded the growth of employment at 200,000 the second month in a row, and c) the Fed Beige Book noted that the economy has improved in recent weeks, employment grew, production increased, and retailers are optimistic pre-season sales, and d) the collection of federal taxes has increased by 8,8% for the year ending in November, and e) the November ISM generally coincided with expectations at an acceptable level of 56.6, only slightly down from 56.9 last month. New orders were quite good, as well as exports, stocks - low, while employment continued to grow, e) construction costs increase the second month in a row, rising in October to 0.7% g) transport of goods by road has increased by 2,8 % m / m, and 14,9% y / y, according to Cass Information Systems.

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