U.S. Economic News
October 28, 2020
U.S. Economic Indicators
The U.S. Census Bureau Advance Economic Indicators Report shows that the goods deficit declined to $79.4 billion in September from $83.1 billion in August. Meanwhile, wholesale inventories edged down 0.1% and retail inventories rose 1.6%. Census Bureau Report
U.S. News
The Wall Street Journal reports that accelerating retail spending at then end of the third quarter has had mixed implications for credit-card issuers, as improving consumer spending has not been accompanied by new borrowing. Consumers have been paying down existing debts and avoiding new ones, indicating continuing caution about the economic outlook despite the recent improvement in spending. WSJ