12 Nov 2004 Short and Sweet
Posted at 15:37h
in The Friday Brief
The election is over, oil and gasoline prices are coming down, the stock market is going up, and the job market is improving. These trends suggest continued improvement in the consumer side of our economy and this week’s economic numbers certainly bear that out. The loudest and best indicator, the stock market, rose 1% this week and is up over 7% since the end of October. All these factors suggest a better holiday season for retailers, particularly online retailers whose sales are up over 12% compared to this time last year.