Posted by: cfigueira | November 29, 2010

Economic News

One lone indicator today…

10:30: Dallas Fed manufacturing index for Nov…will it hold? After three months in seriously negative territory, this index recovered to a slightly positive reading in October. The detailed indexes had not been quite as bad as the headline during the third quarter, they were more mixed in October-up for production (to +6.9 from +4.0) but down a bit for new orders (to -2.5 from 0) and more than a bit for number of employees (to -4.1 form +1.8). The three economists who forecast it expect little change, on balance, in the headline reading. This report follows three other Fed surveys, which have given sharply divergent messages (Richmond and Philadelphia both up; New York down sharply).
Median forecast (of 3): +3, ranging from 0 to +7; last +2.6.

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