Retail Sales Are Expected To Have Strengthened; Weekly Jobless Claims Are Expected To Be Down As Effects Of Superstorm Sandy Continue To Filter Through Economy

Other economic reports may show that wholesale costs and weekly jobless claims fell.
Superstorm Sandy caused a jump in demand for cars as victims had to replace damaged vehicles.
Consumer spending and demand for goods could not be called strong. Large retail chains are still
offering pre-holiday sales to encourage buying.
But it is improving and estimates from 81 economists taken by Bloomberg call for an increase of anywhere from .1% to 2%.
Jobless claims are expected to show a decline to 368,000 last week from 370,000.
Sales of cars and light trucks increased at the fastest rate since February of 2008 and up 14.2 million from October to a 15.5 million annual rate.
Retail sales excluding cars are expected to be relatively flat since not all retailers experienced a bounce after the weakness related to Sandy.

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