By the numbers: The economy this week
Update for December 2, 2019 | Download PDF
Highlights of key economic statistics from last week compiled by Putnam Investments.
- The Bureau of Economic Analysis reported that GDP grew 2.1% in the third quarter.
- New home sales fell 0.7% in October, according to the Census Bureau.
- The trade deficit narrowed in October, the Census Bureau noted.
- Durable goods orders rose 0.6% in October, the Census Bureau stated.
- Initial jobless claims fell by 15,000 to 213,000 in the week ended November 23, 2019, according to the Labor Department.
- Corporate profits increased 0.2% at a quarterly rate in the third quarter after increasing 3.8% in the second quarter, according to the Bureau of Economic Analysis.
- The Conference Board Consumer Confidence Index declined in November.
- Eurozone annual inflation rose to 1.0% in November from 0.7% in October, according to Eurostat.
- Germany’s Federal Statistical Office reported that import prices fell 3.5% year over year in October.
- The ifo Business Climate Index for Germany increased slightly in November.
- The yield on the 10-year U.S. Treasury note increased.
- Most districts reported modest growth in November in the Federal Reserve’s Beige Book report.
- The cumulative effect of tariffs and low corporate confidence will increase pressure on global manufacturing.
- Brexit, Italian debt dynamics, and a fragile European banking system risk tipping Europe back into recession.
- Weak stimulus in China thus far is showing little sign of slowing the pace of deceleration.
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All economic and performance information is historical and does not guarantee future results. The views and opinions expressed are those of Putnam Investments, are subject to change with market conditions, and are not meant as investment advice.
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