Local Brokers See No Clear Predictor For Year Ahead
Brokers say today s trade figures will not reliably predict the year s direction. E Ryan Bruorton Jr Edward D Jones Aiken notes markets swing on optimism or pessimism and may discount data. Lee W Curley Robinson Humphrey Augusta and Charles Jenkins Merrill Lynch Aiken see erratic but not dramatic trends ahead.
MENTIONED IN THIS ARTICLE
E. Ryan Bruerton Jr
Edward D. Jones and Co
Aiken
Bruorton
Lee W. Curley
Robinson-Humphrey Co. Inc
Augusta
Curley
Charles F. Jenkins
Merrill Lynch Pierce Fenner and Smith Inc
Jenkins
Alse
Federal Reserve (Board
Prices Drop In December Up 2 Percent In 1987
Washington AP reports wholesale prices rose 2.2 percent in 1987 with a 0.3 percent December decline, the steepest monthly drop since July 1986. The year’s rise follows a 2.3 percent 1986 drop, while food costs and energy prices show notable changes as 1987 ends.
MENTIONED IN THIS ARTICLE
Washington
U S Trade Deficit Shrinks as November Exports Rise
November exports reached a record $23.8 billion, up from October’s $21.8 billion, while imports fell to $37.0 billion from $39.4 billion. Analysts expected sub-$15 billion deficits to please markets, with higher readings risking negative implications. The 1987 deficit, at an annual rate of $173.43 billion, far exceeded 1986’s $156.2 billion.
MENTIONED IN THIS ARTICLE
U.S
Industrial Output Rises 0.2 Percent in December
Washington reports December industrial output up 0.2 percent marking the strongest sector performance since 1984. The Fed says December production is 5.2 percent above last year, while 1986 closes with a 1.1 percent gain amid foreign competition and renewed overseas demand. The trade deficit also narrows by 25 percent in November.
MENTIONED IN THIS ARTICLE
Washington
Federal Reserve
U.S
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Christina Johanningmeier
Tees Jewelry & Gifts
Pete M
Tapa Hog
Allen Sinai
The
Boston Co. Economic Advisers
Son
Visa/MasterCard
Kalmia Plaza
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