U.S. Economic News

November 28, 2017

U.S. Economic Indicators

The U.S. Census Bureau Advance Economic Indicators Report shows that the goods deficit widened to $68.3 billion in October from $64.1 billion in September.  Meanwhile, wholesale inventories fell 0.4% and retail inventories edged down 0.1%.  Census Bureau Report

The Conference Board’s Consumer Confidence Index rose from 126.2 to 129.5 in November.  The improvement was driven by increases in the Present Situation Index to 153.9 and the Expectations Index to 113.3.  Conference Board Report
The FHFA House Price Index shows that U.S. house prices rose 1.4% in the third quarter and were up 6.5% from the same period last year. 
House prices rose on an annual basis in all nine census divisions. Report

U.S. News

The Wall Street Journal reports that the OECD says that the global economy is on track for its best year of growth since 2010. While the OECD also said that growth should accelerate further in 2018, the research group believes that measures to encourage business investment are necessary in order to ensure that growth doesn’t slow in the medium term. WSJ