Magazine article Government Finance Review
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. …