U.S. Outlook: Encouraging signs of growth still evident

Posted By Scott Anderson In Economic Outlook | No Comments

“Better than expected” is a phrase you will hear often about this October’s economic data. Is the U.S. economy on the cusp of a meaningful acceleration?

Below is a brief summary of my weekly analysis, followed by a link to the full report, delivered on Nov. 22, 2013. (Note: This report covers two weeks; there will not be a report issued on Nov. 29.)

Key observations:
  • Good October retail sales and slowing jobless claims show U.S. growth surviving the government shutdown.
  • Record high stock prices, falling gas prices, and a lower rate of job loss are helping spur consumer spending and confidence.
  • U.S. economy may be on the cusp of a meaningful acceleration.
  • Fed could taper in January if monthly payroll gains exceed 200K in November and December.
  • Large Q3-to-Q4 inventory swing will mask economic acceleration in Q4 GDP report.

jobless_1122 [1]


To read my full report, see this two-week version of my U.S. Outlook [2]. Happy Thanksgiving!

Article printed from Bank of the West: https://changematters.bankofthewest.com

URL to article: https://changematters.bankofthewest.com/2013/11/22/encouraging-signs-of-growth-still-evident/

URLs in this post:

[1] Image: http://blog.bankofthewest.com/wp-content/uploads/2013/11/jobless_1122.jpg

[2] two-week version of my U.S. Outlook: https://cdn.shoutlet.com/file/10476/1023395.pdf

Submit an Idea

[contact-form-7 id="32" title="Share An Idea"]

You are leaving the Bank of the West Change Matters site. Please be aware: The website you are about to enter is not operated by Bank of the West. Bank of the West does not endorse the content of this website and makes no warranty as to the accuracy of content or functionality of this website. The privacy and security policies of the site may differ from those practiced by Bank of the West. To proceed to this website, click OK, or hit Cancel to remain on the Bank of the West Change Matters site.