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Friday, December 16, 2011

Wells Fargo's Weekly Economic & Financial Commentary- December 16, 2011

- Retail sales posted a disappointing increase of 0.2 percent in November, but categories typically associated with the holiday season saw solid gains.

. We believe the holiday sales projections will remain on track, as anecdotal reports suggest most consumers have yet to complete their holiday wish list.

- Industrial production delivered an unexpected decline in November with the pullback concentrated in the manufacturing sector.

. Regional surveys for December suggest further positive momentum in the factory sector.

- Regarding inflation, we continue to expect prices to moderate over the next year due to restrained domestic demand and slowing global growth.

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