The three reports issued last week nudged the good-news index (GNI) up over 60. Not yet at the quick march, but at least the shoulders are square and the eyes are front.
The rest of this week will be see mostly price reports—international, producer, and consumer—but housing starts and industrial production numbers also will feature.
U.S. retail and food service sales for January increased percent from the previous month. Good.
For December, imports rose faster than exports and the trade deficit increased to $40.2 billion from $36.4 billion in November. Bad, even if the reasons were good; increases in the deficit retard GDP growth.
Total business sales for December 2009 were 0.9% from November. Month end inventories were $ virtually unchanged over the month. Good.
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