The U.S. economy in November showed few negative signs from the government shutdown that occurred in October, according to a survey of newspaper stories on U.S. economic activity released Monday.
“The ESI has been picking up since its modest late-summer pullback, suggesting steady positive momentum in the U.S. economy into the yearend, boding well for the November payrolls report,” says Alen Mattich, “Money Talks” columnist at Dow Jones Newswires.
“But the positive news doesn’t suggest the sort of economic strength that would make the Federal Reserve hurry to trim its asset purchase program,” Mr. Mattich said.
Here is another very interesting chart:
About the DJ Economic Sentiment Index:
The economic sentiment indicator is designed to project the health of the U.S. economy by analyzing coverage of 15 major American newspapers, using a proprietary algorithm to look for positive and negative sentiment about the economy in every article.
The ESI is reported on a scale of 0 to 100; higher numbers represent increasingly positive sentiment. Dow Jones selected the 15 newspapers used to compile the indicator because they include extensive original reporting on economic issues. They are also geographically diverse and represent eight of the 10 largest metropolitan areas in the U.S.
Kirk Lindstrom's Investment LetterThis table shows my newsletter "Core and Explore Portfolios" from 1998 through the end of Q3
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