U.S. Economic News
October 28, 2019
U.S. Economic Indicators
The U.S. Census Bureau Advance Economic Indicators Report shows that the goods deficit narrowed to $70.4 billion in September from $73.1 billion (revised) in August. Meanwhile, wholesale inventories fell 0.3% and retail inventories rose 0.3%. Census Bureau Report
U.S. News
According to the Wall Street Journal, manufacturing may not be the economic bellwether it used to be given the sector’s declining share of total output and employment. Now that the American economy relies less on the production of goods and more on the provision of services, it is unclear to what extent a manufacturing slowdown will spill over into the broader economy. WSJ
Bloomberg reports that talk of recession in the past few months has been generally restricted to the financial, industrial, and technology sectors, according to a recent analysis of linguistic trends in companies’ public communications. References to recession by firms in the energy, healthcare, and consumer staples sectors, however, remain remarkably low, in line with hard data that show the overall U.S. economy remains healthy. Bloomberg