U.S. Economic News

October 26, 2020

U.S. Economic Indicators

The Chicago Fed National Activity Index declined from +1.11 in August to +0.27 in September. Three of the four broad categories of indicators – employment, consumption, and sales, orders, & inventories – contributed positively to the overall index, while the production & income category contributed negatively. Chicago Fed Report

New home sales declined 3.5% in September to a seasonally adjusted annual pace of 959,000 but were up 32.1% above year-ago levels. The median sales price rose to $326,800 and the inventory of new homes edged up to 3.6 months at the current sales rate. Census Bureau Report