The petroleum reports show that the economy is once again worsening, and the pace is accelerating.
By Daniel at 21 October, 2009, 2:05 pm
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After appearing to at least weaken less in August and September, October has taken a decided turn for the worse, and this correlates directly to what I have been posting on import and export activity. The numbers below show an economy turning down at a rapid rate, and are a harbinger of a very negative “holiday” retail season. Couple them with the horrible housing numbers and you see a long term continuation to the decline.
Pet Off-Peak …. …. Gas Off-Peak Demand
08 Jan …. +2.8% …. 08 Jan …. -0.1%
08 Feb …. -5.3% …. 08 Feb …. -1.2%
08 Mar …. -3.3% …. 08 Mar …. -1.3%
08 Apr …. -1.0% …. 08 Apr …. -0.3%
08 May …. -2.8% …. 08 May …. -1.4%
08 Jun …. -2.5% …. 08 Jun …. -2.2%
08 Jul …. -4.0% …. 08 Jul …. -3.2%
08 Aug …. -4.6% …. 08 Aug …. -1.9%
08 Sep …. -7.9% …. 08 Sep …. -4.1% Impact of hurricanes in the SE
08 Oct …. -11.0% …. 08 Oct …. -4.3% Ditto
08 Nov …. -8.2% …. 08 Nov …. -3.5% Ditto
08 Dec …. -6.2% …. 08 Dec …. -4.7%
09 Jan …. -6.7% …. 09 Jan …. -3.6%
09 Feb …. -9.2% …. 09 Feb …. -1.2%
09 Mar …. -10.1% …. 09 Mar …. -2.7%
09 Apr …. -11.8% …. 09 Apr …. -2.4%
09 May …. -13.5% …. 09 May …. -3.3%
09 Jun …. -11.6% …. 09 Jun …. -4.0%
09 Jul …. -10.7% …. 09 Jul …. -4.9%
09 Aug …. -9.2% …. 09 Aug …. -4.4%
09 Sep …. -8.0% …. 09 Sep …. -2.1%
09 Oct …. -11.8% …. 09 Oct …. -2.1%
The annual numbers for the past 17 years:
Historic Annual Levels
1993 2.99%
1994 1.87%
1995 0.35%
1996 2.22%
1997 2.71%
1998 0.98%
1999 2.44%
2000 2.17%
2001 -0.10% Last acknowledged recession
2002 -0.09% Ditto
2003 2.04%
2004 1.91%
2005 1.60%
2006 0.61%
2007 0.54%
2008 -4.16%
2009 YTD -10.25%
The weekly numbers for the past 4 months:
Jul Week 1 -12.22%
Jul Week 2 -10.29%
Jul Week 3 -9.94%
Jul Week 4 -11.37%
Aug Week 1 -9.38%
Aug Week 2 -11.53%
Aug Week 3 -10.14%
Aug Week 4 -8.55%
Aug Week 5 -7.98%
Sep Week 1 -6.83%
Sep Week 2 -7.98%
Sep Week 3 -10.77%
Sep Week 4 -8.39%
Oct Week 1 -10.53%
Oct Week 2 -11.68%
Oct Week 3 -13.18%
- irish.
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