AFP EconWatch--Weekly Economic Newsletter
AFP EconWatch, edited by Kevin Roth (Managing Director, Research), provides financial professionals every Monday morning with commentary on the latest economic news and the possible effects on their organization. The newsletter also incorporates Corporate Finance Week, a column edited by Brian Kalish (Director, Finance Lead) reviewing the previous week's key finance news.
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Increasingly confident consumers and the rapid drop in gasoline prices led to strong retail sales during November. The Census Bureau estimates retail sales grew 0.7 percent during the month to a seasonally adjusted $449.3 billion.. (PDF, Log-in required)
3 Takeaways From the Past Week:
1. The holiday season starts with a strong November retail sales report.
2. While plummeting oil and gasoline prices push down both producer and import prices, there is little inflation elsewhere in the economy.
3. Both the count of job openings and pace of hiring surged by double digit percentages on a year-to-year basis in October.
Manufacturing activity grew in November at its fastest rate since early spring, and the rebound went beyond a surge in auto production.
December 8, 2014
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November 24, 2014
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