U.S. Economic News

November 17, 2020

U.S. Economic Indicators

Retail sales rose 0.3% in October and were up 5.7% from a year ago. Core sales — which exclude autos, gasoline, building materials, and food services —  edged up 0.1%.  Census Bureau Report

Industrial production rose 1.1% in October but is down 5.3% year-over-year. Capacity utilization rose 0.8 point to 72.8. Fed Report

Business inventories edged up 0.7% in September but were down 4.7% from September of last year. Manufacturers’ sales rose 0.3% in September but were down 1.9% compared to a year ago. Census Bureau Report

The NAHB Housing Market Index increased five points to 90 in November, a new all-time high. NAHB reports that low mortgage rates and the ongoing shift toward the suburbs is keeping builder confidence elevated. NAHB Report