November 2013 Business Inventories and Sales Again Soften Marginally

Written by Steven Hansen Econintersect‘s analysis of final business sales data (retail plus wholesale plus manufacturing) for November 2013 shows sales declined with inventories higher than normal. This is in contrast to the US Census view which sees sales increasing and inventory levels normal.

Mixed Data for Wholesale Sales in November 2013

Written by Steven Hansen November 2013 wholesale sales and inventories data was mixed. This data series is very noisy, and has been on a roller coaster of one good month / one bad month – except the unadjusted data has had two bad months now in a row. There is considerable difference between the adjusted …

December 2013 Philly Fed Business Outlook Insignificantly Improves

Written by Steven Hansen The Philly Fed Business Outlook Survey strengthened insignificantly but remains in positive territory. This survey has been negative for 9 of the last 20 months. Key element new orders also softened but also remains expansion territory.