So, How Do We Stand Since The Economic Peak Several Years Ago?
Posted By thestatedtruth.com 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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