Magazine article Government Finance Review

Economic Trends

Magazine article Government Finance Review

Economic Trends

Article excerpt

Economic Trends

Government Finance Review presents a bimonthly summary of relevant
statistics to help GFOA members keep track of the overall economic
picture.

Inflation

                                                       Trend/
Indicator         Result            Source             Significance

Consumer Price    Decrease 0.3      Bureau of          Over the last
Index             percent in        Labor Statistics   12 months,
                  November                             index increased
                                                       1.8 percent,
                                                       before seasonal
                                                       adjustment

Confidence
                                                       Trend/
Indicator         Result            Source             Significance

Consumer          At 65.1 in        Conference Board   A reading above
Confidence        December (1985=                      90 would signal
                  100), down from                      a stabilized
                  71.5 in                              consumer
                  November

Conference        Lynn Franco, Director of Economic Indicators at The
Board             Conference Board, said: "Consumers' expectations
Commentary        retreated sharply in December, resulting in a
                  decline in the overall index. The sudden turnaround
                  in expectations was most likely caused by
                  uncertainty surrounding the oncoming fiscal cliff.
                  A similar decline in expectations was experienced
                  in August of 2011 during the debt ceiling
                  discussions. While consumers are quite negative
                  about the short-term outlook, they are more upbeat
                  than last month about current business and labor
                  market conditions."

Housing and
Real Estate

                                                       Trend/
Indicator         Result            Source             Significance

Housing Starts    Down 3 percent    US Census Bureau   Up 21. … 
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