Salient to Investors:
Jim O’Sullivan at High Frequency Economics said the non-manufacturing part of the economy – the bulk of the economy – is much less weak, while manufacturingis more exposed to weakening foreign growth and exports -overall pretty sluggish growth.
Retail Metrics said same-store sales at over 20 companies, excluding drugstores, beat estimates.
Americans bought new homes in September at the fastest pace in two years, driven by population growth and mortgage rates at record lows.
Read the full article at http://www.bloomberg.com/news/2012-11-04/services-probably-sustained-expansion-u-s-economy-preview.html