With crude oil increases, it should come as no surprise that the trade balance should have grown in December 2010. But some aspects are also trending lower.
New home sales are likely up 10% (22,000 in December vs 20,000 in November) using historical November and December sales unadjusted sales data. The seasonal adjustment factors used by the U.S. Census are distorting the data.
The combined business community including manufacturing shows a solid 1.3% sales sales increase – although not at record levels.
A significant increase in transportation equipment and durable goods led an increase in manufacturing activity reported by the U.S. Census Bureau.