7/18/2012
By David Urani, Research Analyst

More Articles by David Urani

Homebuilder Confidence Back Up

Market Valuation Entering "Fair" Territory

Can Brunswick Float Your Boat?

Atlanta - Expanded at a modest pace. Retail improved slightly. Strong auto. Increased new home sales. Manufacturing up, but at more moderate pace. Subdued employment growth.

Boston - Expanded at moderate pace. Real estate sales up. Retail flat, manufacturing slow growth. Costs and prices up moderately. Little firing or hiring. Uncertain outlook.

Chicago - Expanded moderately, but slowed. Consumer further moderated, business spending steady. Manufacturing up more slowly. Slightly improved credit. Crop condition deteriorated.

Cleveland - Continued to expand, but slower pace. Slight rise in manufacturing. Home construction down. Little retail change. Freight volume lower. Shale gas production up.

New York - Growth slowed but labor market improved. Manufacturing flat to weaker, non-manufacturing steady. Weaker retail. Robust auto. Tourism steady. Flat lending market.

Richmond - Mixed reports. Strengthening retail. Solid tourism. Residential up slightly. Improved import and export. Manufacturing weakened. Slower demand for workers.

Kansas City - Expanded moderately. Strong auto and tourism. Stronger real estate. Manufacturing up. Drought hurt crops. Energy held at peak. Prices rose by more slowly.

St. Louis - Modest expansion. Residential and commercial real estate improved. Plans of manufacturing activity. Services mixed. Lending up slightly. 

Dallas - Grew at moderate pace. Manufacturing expanded. Retail grew slower. Energy strong. Employment steady to up. Generally positive outlooks. Slight crop deterioration.

Minneapolis - Grew moderately. Increased consumer, tourism, professional, real estate, and agro. Slower growth in manufacturing, energy, mining. Tightening labor markets.

Philadelphia - Mixed but improved. Manufacturing slowed somewhat. Retail and auto increased. Stronger credit. Steady construction. Modest service growth. Eased price pressures.

San Francisco - Modest expansion. Limited price and wage pressure. Services demand up. Manufacturing slightly up. Housing edged up. Slightly improved lending and credit.

David Urani
Wall Street Strategies