So, How Do We Stand Since The Economic Peak Several Years Ago?

Posted By on September 23, 2010

According to David Rosenberg of Gluskin Sheff:

  • Wages & salaries are still down 3.7% from the prior peak;
  • Corporate profits are still down 20% from the peak;
  • Real GDP is still down 1.3% from the peak;
  • Industrial production is still down 7.2% from the peak;
  • Employment is still down 5.5% from the peak;
  • Retail sales are still down 4.5% from the peak;
  • Manufacturing orders are still down 22.1% from the peak;
  • Manufacturing shipments are still down 12.5% from the peak;
  • Exports are still down 9.2% from the peak;
  • Housing starts are still down 63.5% from the peak;
  • New home sales are still down 68.9% from the peak;
  • Existing home sales are still down 41.2% from the peak;
  • Non-residential construction is still down 35.7% from the peak.

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