World Economic outlook - us.economic calendar reports january 23-27 2012 ; What’s important for U.S. economic indicators going forward is that they continue to show traction. Much of the stock market’s positive tone since mid-December is based on the improvement in our economy and the hope that its strength can override Europe’s bank and sovereign debt woes.
This week’s economic reports need to confirm the positive trend.
Tuesday:
(8:30 a.m.) Empire State Manufacturing Survey of 175 manufacturing executives regarding regional business. It has been rebounding following an April to October slump.
Wednesday
(8:30 a.m.) Producer Price Index: Has been bumping along sideways for a year. Today’s report for December showed a 0.1 percent drop at an annual rate vs. a 0.3 percent rise in November.
(9:15 a.m.) Industrial Production. Declined in 0.2 percent in November after October surge of 0.7 percent. December’s report show a gain of 4.0 percent.
(10 a.m.) Housing Market Index a survey concerning the economy and housing market conditions including current house sales, six months projected sales and the traffic of prospective buyers of new homes. It jumped two points in December for the third straight gain.
Thursday:
(8:30 a.m.) Jobless Claims
(8:30 a.m.) Consumer Price Index: Was unchanged after declining 0.1 percent in October.
(8:30 a.m.) Housing Starts: Rebounded 9.3 percent in November, suggesting a flicker of light in this beleaguered industry.
Friday:
(10 a.m.) Existing Home Sales: Jumped 4 percent in November though included some distortion caused by an annual revision.
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