Skyline Advisors
  • Services
  • Team
  • Transactions
  • Industries
  • Reports
  • News
    • Capital Markets
    • Firm News
    • Resources
  • Contact
    • Newsletter

Partners for Strategic Transactions

Consumer Confidence Hits 18-Year High

9/5/2018

 
​Last week, the Bureau of Economic Analysis updated its original estimate of second-quarter GDP growth, the U.S. Census Bureau announced the July trade deficit reversed its spring and summer trend to widen to a five-month high, and the Consumer Confidence Index for August spiked dramatically to an 18-year high. 
  • The U.S. Census Bureau announced last Tuesday that the trade deficit in goods, measured as exports less imports, widened to a 5-month high mark. July exports in goods totaled $140.0 billion, $72.2 billion short of imports at $212.2 billion. Overall, it is a 6.3% increase from the June deficit of $67.9 billion and signals a potential slowdown in GDP growth for the third quarter. However, it is a strong consumer base that is driving imports, while a more valuable, or stronger, dollar and potential trade retaliation seem to be limiting export growth.

  • The Consumer Confidence Index for August spiked dramatically to 133.4, despite expectations for a slowdown in the reading. After climbing only slightly from 127.1 to 127.4 in June and July, confidence jumped on heightened expectations for the near-term, suggesting more positive economic expectations for the remainder of 2018, but less optimism about the long-term outlook.
​
  • On Wednesday, the Bureau of Economic Analysis revised its second-quarter GDP figures. In the advanced estimate released in July, real gross domestic product grew 4.1% on a year-to-year basis, however that figure was revised upward to an annualized 4.2% in the new report. The revised reading still marks the strongest pace of growth in nearly four years and continues to demonstrate the benefit of the tax revision to economic output and consumer demand. 

Comments are closed.

    Archives

    December 2020
    November 2020
    October 2020
    September 2020
    August 2020
    July 2020
    June 2020
    May 2020
    April 2020
    March 2020
    December 2019
    September 2019
    August 2019
    July 2019
    June 2019
    May 2019
    April 2019
    March 2019
    February 2019
    January 2019
    December 2018
    November 2018
    October 2018
    September 2018
    August 2018
    July 2018
    June 2018
    May 2018
    April 2018
    March 2018
    February 2018
    January 2018
    December 2017
    November 2017
    October 2017

    Categories

    All
    Auto Sales
    Bankruptcies
    Capital Markets
    Confidence
    Corporate Profits
    Debt
    Economy
    GDP
    Holiday
    Housing
    Industrial Production
    Inflation
    Initial Public Offerings
    Interest Rates
    Inventories
    Jobs
    Manufacturing
    Mergers And Acquisitions
    Middle Market
    Prices
    Private Equity
    Productivity
    Retail Spending
    Rural Economy
    Small Business
    Stock Market
    Taxes
    Trade
    Venture Capital
    Wages

    RSS Feed

Picture
​Skyline Advisors is a division of Ideation Ventures, Inc. Services involving securities are offered through M&A Securities Group, Inc.4151 N Mulberry Drive Suite 252, Kansas City, MO, 64116  (“MAS") . Services involving real estate brokerage are offered through Berkshire Hathaway HomeServices Ambassador Real Estate ("BHHS"). Skyline, MAS, and BHHS are separate entities. 
​

COPYRIGHT 2020. ALL RIGHTS RESERVED.
Virtual Data Room
Company   Services   Team   Transactions   Industries   Reports   News
Photo used under Creative Commons from inkknife_2000 (8.5 million views +)
  • Services
  • Team
  • Transactions
  • Industries
  • Reports
  • News
    • Capital Markets
    • Firm News
    • Resources
  • Contact
    • Newsletter