Financial

November Economic Update: There's Just Something About the Holidays

The economy appears to have added a bit more momentum in October. In particular, for the first time in five months, total employment rose from the previous month

Deloitte Highlights from this month's issue:

  • Overview: The economy appears to have added a bit more momentum in October. In particular, for the first time in five months, total employment rose from the previous month
  • Retail: October’s year-over-year growth rate eased a bit from August and September. Unseasonably warm weather may have dampened demand for some items
  • Motor Vehicles: As the economy improves, light trucks sales are again outpacing sales for autos
  • Consumer Products: The Federal Reserve’s industrial production index has risen in two of the last three months
  • Aerospace & Defense: The series rose in October following two months of declines
  • Process & Industrial Products: Machinery production regained momentum, rising in October by the fastest clip since May
  • Lodging: Growth rates of 8%+ remain in place for revenue per available room, according to Smith Travel Research
Economic Update - November 2010  Adobe Acrobat (342.96 KB) 




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