- U.S. industrial production was up 0.7% in November and up 2.8% YoY, more than expected. Capacity utilization rate increased from 79.8% to 80.2% last month.
- A record drop in energy costs pushed consumer prices down at the fastest pace in 56 years. The CPI was down 0.6% in November but up 3.5% YoY. Excluding food and energy costs, prices were up 0.2% in November and up 2.1% YoY.
- A softening U.S. housing market poses the greatest risk to economic growth next year as fallout from a housing slowdown would hurt consumer spending, Merrill Lynch said in its U.S. economic and financial markets forecast for 2006.
- The U.S. Treasury said that foreigners purchased U.S. securities totaling $110.3 billion in October
- Manufacturing growth in New York state rose at the fastest pace in 17 months as factories paid less for materials and demand rose, according to a monthly survey by the Federal Reserve Bank of New York released Thursday.
- The DoE said that underground supplies of natural gas were down 202 billion cubic feet to 2.964 trillion cubic feet. Supplies are down 6% YoY.
- The rate of fatalities last year in crashes involving large trucks fell to its lowest level since the Department of Transportation began keeping records in 1975, according to DOT figures.
- The Green Coffee Association said that U.S. coffee stocks dropped 292,512 bags in November to 4.875 million bags.
- Retail sales in the U.K. were up 0.7% in November, the best gain in five months.
- The Swiss National Bank increased its key interest rate from 0.75% to 1.0%, the first change in over a year.
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