Economic Trends

Article excerpt

Many people are paying more attention to economic trends than they did before the credit meltdown. The GFOA's new Long-Term Financial Planning blog provides frequent updates on important issues and topics of interest, including a monthly summary of relevant statistics. Government Finance Review is reprinting an excerpt of those statistics to help GFOA members keep track of the overall economic picture. To access the Long-Term Financial planning blog, go to ltfp.gfoa.org.

Confidence

Indicator             Result                         Source

Consumer Confidence   Rose to 52.9 in December       Conference
                      from 50.6 in November          Board
Economic Growth

Indictor              Result                         Source

ISM Manufacturing     Up to 55.9 in December         Institute for
Index                 from 53 6 in November          Supply Management

ISM Service Index     Up to 50. l in December        Institute for
                      from 48.7 in November          Supply Management

Consumer Economy

Indictor              Result                         Source

Personal Spending     Rose 0.5 percent from          Commerce
                      October to November            Department

Personal Income       Decreased 0.4 percent          Bureau of
                      from October to November       Economic Analysis

Retail Sales          Sales rose 1.3 percent in      Commerce
                      November from October          Department

Housing & Real
Estate

Indictor              Result                         Source

Foreclosure           Filings fell 8 percent from    RealtyTrac
Filings               October to November

Medium Home           Index results for September    S&P/Case Shiller
Prices                show a 8-9 percent decline,
                      year-over-year

Pending Home          Fell 16 percent in             National
Sales                 November from October          Association of
                                                     Realtors

Commercial Real       8-10 percent of available space in United States
Estate                shopping malls were vacant in Q4; high
                      unemployment and inconsistent consumer spending
                      is expected to weigh on commercial properties for
                      next 18-24 months (according to. …