Written by Steven Hansen December 2013 wholesale sales and inventories data was relatively strong. This data series is very noisy, and has been on a roller coaster of one good month / one bad month. Even the unadjusted three month rolling average is stronger than the headline data this month.
The headline number for seasonally adjusted, nominal durable goods orders fell 4.3% in December. That was worse than the lowest guess of economists in a survey conducted by Bloomberg.
So far three regional manufacturing PMIs have been flash estimated for January: euro area, U.S., and China. These three also represent the largest global economic weights by many measures, including the purchasing power parity measure.
Written by Steven Hansen US Census says manufacturing new orders declined in December. Our analysis agrees showing deceleration of the rolling averages. The headwind this month was aircraft.
by Washington’s Blog, Washington’s Blog Genetic Engineering Actually INCREASES Pesticide Use, DECREASES Crop Yield, And May Be Dangerous to Your Health [Genetic Engineering Companies Promised Reduced Pesticide Use … But GE Crops Have Led to a 25% Increase In Herbicide Use]