Please Follow Us On:

Follow Delta Gypsum on LinkedIn

Delta Gypsum on LinkedIn

Saturday, November 19, 2011

Wells Fargo's Weekly Economic & Financial Commentary- November 18, 2011

- Retail sales rose 0.5 percent in October, while core retail sales increased 0.6 percent and are up 5.7 percent on a three-month annualized basis.

. Recent improvements in retail sales offer some encouragement going into the holiday season, and we expect holiday sales will increase 5.0 percent year-over-year.

- The Producer Price Index fell 0.3 percent in October due to a 1.4 percent drop in energy prices.

- Headline CPI fell 0.1 percent during October due to lower retail gasoline prices, but is up 3.5 percent year-over year.

- Housing starts fell 0.3 percent to a 628,000-unit pace in October, as a 3.9 percent increase in single-family starts was offset by an 8.3 percent decline in multi-family starts.

No comments:

Post a Comment