Inflation Contained. Manufacturing Makes up Losses.

CPI (November 2012)

CPI core Month/Month (less food & energy) +0.1%
CPI core (less food & energy – Year/Year 1.9%
CPI overall Month/Month -0.3%
CPI overall Year/Year +1.8%

Inflation is well contained and there is no apparant deflationary threat.

Industrial Production/Capacity Utilization (November 2012)

Production – Month/Month 1.1%. Previous was -0.7%
Capacity Utilization Rate – 78.4%. Previous was 77.7%
Manufacturing – Month/Month 1.1%. Previous was -1.0%.

Manufacturing recovered in November what it lost in October.

Consumer Metrics Institute

The Consumer Metrics Absolute Demand Index is a near real time (2 days delay) measure of consumer spending and, as such, is a true leading indicator. This index has  moved steadily lower after Black Friday.