Economic trends.

Position::News & Numbers
 
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Many people are paying more attention to economic trends than they did before the credit meltdown. The GFOA's Long-Term Financial Planning blog provides frequent updates on important issues and topics of interest, including a monthly summary of relevant statistics. Government Finance Review is reprinting an excerpt of those statistics to help GFOA members keep track of the overall economic picture. To access the Long-Term Financial Planning blog, go to ltfp.gfoa.org.

Inflation Indicator Result Source Trend/Significance Consumer Price Increased 0.4 Bureau of Gasoline was the Index percent in Labor biggest drive of April on a Statistics the increase, seasonally accounting for adjusted basis almost half of the impact Producer Price Up 0.8 percent Bureau of Prices for Index n April Labor finished goods Statistics moved up 6.8 percent for the 12 months ended April 2011 Confidence Indicator Result Source Trend/Significance Consumer 60.8 in May Conference A reading above 90 Confidence (1985 = 100), Board would signal a down from 66 in stabilized April consumer Economic Growth Indicator Result Source Trend/Significance GDP Up at an annual Commerce Second estimate rate of 1.8 Department based on percent in Q1 additional data 2011 Durable Goods New orders in Commerce This decrease, Orders April down 3.6 Department down 2 of the last percent from 3 months, followed last month a 4.4 percent increase in March ISM Down to 53.5 in Institute for Below...

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