Thursday, December 21, 2006

Quick Overview

  • U.S. GDP rose 2.0% in the third quarter of 2006, slightly less than expected. YoY real GDP was up 3.0%. Consumer spending rose 2.8% QoQ.

  • U.S. leading indicators increased 0.1% in November.

  • The Philadelphia Federal Reserve's index of regional activity dropped from 5.1 to -4.3 in December.

  • U.S. jobless claims were up 9,000 last week to 315,000.

  • Canada's GDP was unchanged in October and up 1.6% YoY.

  • GDP in the U.K. was up 2.9% QoQ

  • Argentina's November trade surplus jumped nearly 54 percent YoY, more than economists had expected, as exports surged.

  • The USDA said that there were 30.9 million pounds of frozen bellies in storage as of November 30th, up 8% YoY. Frozen pork supplies totaled 464.2 million pounds, up 6% YoY.

  • The USDA said that there were 649.9 million pounds of frozen orange juice in storage on November 30th, down 37% YoY.

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