Economic Data Released Last Week -- good news but November had some downward revisions

Updated on:
January 30, 2020

Source of most data,
and all charts:
https://tradingeconomics.com/united-states/indicators

Source of employment data:
https://data.bls.gov/cgi-bin/surveymost?bls
+ must search bls.gov site to get 
the labor force participation rate

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Note: 

During healthy 

economic growth, 

at least three-quarters

of data releases 

are good news,

(in black ink), 

so bad news

(in red ink) 

will be rare:
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Historical Note:
2017 Real GDP was up +2.4%, over 2016 (Trump)
2018 Real GDP was up +2.9%, over 2017 (Trump)
2019 Real GDP was up +2.3%, over 2018 (Trump)
          Obama averaged +2.2%, after the recession ended
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       1/30/20

4Q  2019  GDP

Real final sales 
-- first estimate --

Real final sales is the
GDP minus volatile
inventory changes

4Q 2019 was +3.2% annual growth rate
3Q 2019 was +2.1%
2Q 2019 was +2.9% 
1Q 2019 was +2.6%
4Q 2018 was +0.6%
3Q 2018 was +0.6%

2Q 2018 was +4.7% 

1Q 2018 was +2.4%        

4Q 2017 was +4.1%

3Q 2017 was +2.2%

2Q 2017 was +2.1% 

1Q 2017 was +3.0% Trump starts here

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     1/28/20

 Case-Shiller  Home  Price Index

          (20-city not seasonally adjusted)

- November 2019    up +0.1% from October 2019
- October 2019        up +0.1% 
- September 2019    up +0.1%
- August 2019         unchanged 
- July 2019               up +0.2% 
- June 2019              up +0.4%
- May 2019                up +0.6%  
- April 2019               up +0.8%

- March 2019             up +0.7%

- February 2019        up +0.2% 

- January 2019     down -0.2% 

- December 2018 down -0.2%

 Note: Year-over-Year Home Price Gain

-   November 2019 up +2.6% over Nov. 2018
-       October 2019 up +2.2% over Oct. 2018

-  September 2019 up +2.1% over Sept. 2018

-        August 2019 up +2.0% over August 2018
-             July 2019 up +2.0% over July 2018 

-            June 2019 up +2.2% over June 2018 

-             May 2019 up +2.4% over May 2018   
-            April 2019 up +2.5% over April 2018
-          March 2019 up +2.7% over March 2018
-    February  2019 up +3.0% over February 2018
-       January 2019 up +3.6% over January 2018

-   December 2018 up +4.1% over December 2017

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           1/28/20

Durable  Goods  Orders
- December 2019        up +2.4%
- November 2019    down -3.1%
- October 2019            up +0.2%
- September 2019  down -1.4%
- August 2019            up +0.3%

- July 2019                 up +2.0%
- June 2019                up +1.8%
- May 2019             down -2.3%
- April 2019            down -2.8%
- March 2019              up +1.7%
- February  2019    down -1.1%
- January 2019   up only +0.1%

Durable Goods excluding 

volatile transportation orders:
     Down -0.1% in December 2019
     Down -0.4% in November 2019
         Up +0.6% in October 2019
     Down -0.3% in September 2019 
          Up +0.5% in August 2019
     Down -0.4% in July 2019
         Up +1.2% in June 2019
         Up +0.3% in May 2019
      Unchanged in April 2019
         Up +0.4% in March 2019
Up only +0.1% in February 2019
    Down -0.1% in January 2019

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All economic data releases are located here:
www.ELblog2019.Blogspot.com