Magazine article Government Finance Review

Economic Trends

Magazine article Government Finance Review

Economic Trends

Article excerpt

Many people are paying more attention to economic trends than they did before the credit meltdown. The GFOA's 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.

Inflation

Indicator         Result           Source           Trend/Significance

Consumer Price    Increased 0.4    Bureau of        Gasoline was the
Index             percent in       Labor            biggest drive of
                  April on a       Statistics       the increase,
                  seasonally                        accounting for
                  adjusted basis                    almost half of the
                                                    impact

Producer Price    Up 0.8 percent   Bureau of        Prices for
Index             n April          Labor            finished goods
                                   Statistics       moved up 6.8
                                                    percent for the 12
                                                    months ended April
                                                    2011

Confidence

Indicator         Result           Source           Trend/Significance

Consumer          60.8 in May      Conference       A reading above 90
Confidence        (1985 = 100),    Board            would signal a
                  down from 66 in                   stabilized
                  April                             consumer

Economic Growth

Indicator         Result           Source           Trend/Significance

GDP               Up at an annual  Commerce         Second estimate
                  rate of 1.8      Department       based on
                  percent in Q1                     additional data
                  2011

Durable Goods     New orders in    Commerce         This decrease,
Orders            April down 3.6   Department       down 2 of the last
                  percent from                      3 months, followed
                  last month                        a 4. … 
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