A Final Review of 2012 Holiday Shopping Season From CMI

On several occasions we have tried to help our readers visualize consumer behavior during the last quarter of 2012 by comparing consumer activity during the recently ended quarter with the same quarter of 2008. We chose 2008 as our comparison year because both years contain the economic distractions of a contentious presidential election — an [...]

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BEA Raises 3rd Quarter 2012 GDP Growth Estimate To 2.67%

In their second estimate of the US GDP for the third quarter of 2012 the Bureau of Economic Analysis (BEA) found that the economy was growing at a 2.67% annualized rate, an upward revision of +0.65% from the previously published first estimate for the quarter.

The improved headline number came exclusively from two sources: substantial [...]

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