Friday, November 02, 2012

Mid-America Leading Economic Indicator Drops to Recession Level: Inflation Gauge Higher

Our October survey results at a glance:

• The leading economic indicator drops to lowest level since May 2009.

• Employment gauge sinks below growth neutral for the third straight month.

• Fallout from the drought and QE3 pushed the wholesale price index to its highest level since March of this year.

• Supply managers expect 2013 holiday sales to grow by only 2 percent from 2012.

A summary is provided in the following video:

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