Economic trends.

• Position: News & Numbers - Reprint

Many people are paying more attention to economic trends than they did before the credit meltdown. Financing the Future News. Long-Term Financial Planning Resources, Notices, and Events- an electronic newsletter from the GFOA's Research and Consulting Center--provides its subscribers with a monthly summary of relevant statistics. Government Finance Review will reprint an excerpt of those statistics in this and subsequent issues to help GFOA members keep track of the overall economic picture. (To be added to the mailing list for Financing the Future News, e-mailltfp@gfoa.org.)

Confidence Indicator Result Source Producer Price Index 0.09 percent fall U.S. Labor from June to July Department. Consumer Price Index Decreased 0.02 percent U.S. Bureau of in July Labor Statistics Economic Growth Gross Domestic Product Economy contracted at an U.S. Commerce (GDP) annual rate of I percent Department in Q2- ISM Manufacturing Increased to 52.9 in Institute for Index August from 48.9 in July Supply Management Deutsche Bank Predicts that 48 mortgages will be under water by 2011 and that percent of U.S. home 14 percent by 2011 for a total crash of 41 percent prices will fall another Canadian GDP GDP contracted 3.4 Statistics Canada percent in Q2 Consumer Economy Consumer Credit Fell by $21.6B in July Federal Reserve of decline, four times exceeded expectation...