U.S. Economic News
November 22, 2019
U.S. Economic Indicators
The University of Michigan Consumer Sentiment Index rose 1.3 points to 96.8 in the final November reading but is down 0.7 point from November of last year. The Index of Consumer Expectations rose 3.1 points to 87.3 while the Current Economic Conditions Index declined 1.6 points to 111.6. University of Michigan
U.S. News
According to the Wall Street Journal, business activity across the world’s largest economies is poised to remain sluggish as 2019 draws to a close, amid signs that the ongoing manufacturing slowdown may be spreading to the services sector. The latest surveys of purchasing managers suggest that while declines in factory activity may be easing, growth of services has started to decelerate. WSJ
The Washington Post reports that personal loans are up more than 10% from last year, as FinTech apps and websites make it easier than ever for Americans to borrow. Although personal loan debt has risen to levels reminiscent of the last economic crisis, delinquency rates are historically low and borrowers still appear well-positioned to pay off their debt. WaPo