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


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

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

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

Indicator         Result            Source             Significance

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


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