Recent Economic Reports

I wanted to mention a few recent economic reports.

Yesterday, the Census Bureau said that retail sales rose 0.2% in October. In the last year, they’re up 4.6%. Taking out gasoline, retail sales rose 0.4% in October.

Today we learned that industrial production rose a healthy 0.9% last month. Economists had been expecting an increase of 0.5%.

Over the past year, industrial production has increased 2.9 percent.

Furthermore, the damage from the deadly hurricanes in the Gulf Coast and Florida was revised downward in the latest report. The August reading, the month most affected by hurricane damage, was revised up 0.2 percentage points to a loss of 0.5 percent.

Yesterday, the government said that consumer prices rose 0.1% last month. In the last year, consumer prices are up 2%.

Core inflation also rose 0.1% last month, and it’s up 1.8% over the last year.

Posted by on November 16th, 2017 at 2:17 pm


The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.