IN FOCUS: Trending – Economy on an upswing

Posted on Nov 1, 2013 :: Features
Posted by , Insight on Business Staff Writer

Over the past month, the markets have performed quite well despite the lack of a cohesive federal government and the prospect of reduced Federal Reserve stimulus. clearTREND’s correct read of an ongoing supportive market environment has played out beautifully, with additional market gains in the early fourth quarter.

clearTREND offers monthly market analysis and research on Northeast Wisconsin’s key economic sectors. For this month’s issue, we highlight the health care and construction sectors – both show solidly positive trends.

And what an interesting read for this month’s clearTREND U.S. Economic Health IndexTM: The percentage of expanding U.S. economic sectors jumped to 66 percent from 63 percent a month ago (a good reading), but there was a massive jump in the percentage of contracting sectors to 21 percent from only 6 percent in October. “The big jump in the number of contracting sectors is worrisome,” says Mark Scheffler of The Appleton Group. “It reflects an overall economy that is becoming more fractured, with some industries doing very well while others are struggling to keep up.”

Of note for November is the strength in this month’s health care sector focus. Across-the-board strength is the rule here, as the Affordable Care Act’s 2014 implementation date quickly approaches. Look for these trends to continue, with an average confidence rating of almost 80 percent.

Click here to view clearTrend’s economic data in our digital magazine.