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Newspaper
The Chronicle Telegram
Location
Elyria, Ohio, United States of America
Date
Dec 23, 2010
Page
7
Analysts predict 2011 GDP growth near 4 percent with strong consumer spending and Social Security tax cuts boosting early momentum. Cautious optimism centers on hiring gains and housing demand, as the housing market remains a drag despite a 5.6 percent November rise to 4.68 million existing home sales.
Retail revenue rose 5.5 percent in the final weekend before Christmas per ShopperTrak with $18.83 billion spent Dec 17 19 and Super Saturday at $7.58 billion. Traffic was higher than last year as shoppers concentrated visits and Black Friday reached $10.69 billion.
UPS forecasts 24 million deliveries worldwide in one day, 9 percent above last year and 60 percent higher than normal. U.S. volume edges up while international volume rises sharply, as online shopping fuels holiday demand and retailers like Amazon drive peak activity.
The Ohio Association of Realtors reported November sales at 6,711 combined new and existing homes, down 28 percent from November 2009’s 9,335. The average sale price was 129,128 dollars, down 2.8 percent from October.
Incomplete text notes paid distribution tasks and value considerations. No clear names, dates, or organizations are readable.
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