U.S. Economic News
November 25, 2020
U.S. Economic Indicators
New orders of manufactured durable goods rose 1.3% in October after increasing 2.1% (revised) in September. Excluding transportation, new orders rose 1.3% last month after rising 1.5% the month before. Census Bureau Report
The U.S. Census Bureau Advance Economic Indicators Report shows that the goods deficit expanded to $80.3 billion in October from $79.4 billion in September. Meanwhile, wholesale inventories rose 0.9% and retail inventories rose 0.8%. Census Bureau Report
Real disposable personal income decreased 0.8% in October, while real personal consumption expenditures (PCE) rose 0.5%. Both the PCE price index (up 1.2% Y/Y) and the core price index (up 1.4% Y/Y) were unchanged. BEA Report
New home sales declined 0.3% in October to a seasonally adjusted annual pace of 999,000 but were up 41.5% above year-ago levels. The median sales price edged down to $330,600 and the inventory of new homes was unchanged at 3.3 months at the current sales rate. Census Bureau Report
Initial jobless claims rose 30,000 to 778,000 last week. The four-week moving average increased 5,000 to 748,500. DOL Report