Technical Analysis 17/02/2012

Title: Weekly Economic and Financial Commentary : 17/02/2012

Weekly Economic and Financial Commentary : 17/02/2012 U.S. Review A Few Disappointments Enter The January Data The tone of U.S. economic releases softened a bit this week, though there is no sign that growth in Q1 is about to hit a brick wall. Advance retail sales for January came in at about half the growth rate the consensus had expected- up 0.4 percent, signaling a U.S. consumer that continues to watch their budgets. U.S. industrial production did not grow at all in January though the manufacturing sector is stronger than the industrial production headline might suggest, since most of the weakness came from utilities and the warmer-than-average weather in January. Is U.S. Weather Skewing the January Data? The latest economic data out of the United States was a bit of a let ...