Economic Indicators 

Next week's economics: 14-18 October 2019

Chris Dillow

Chris Dillow
Next week's economics: 14-18 October 2019

Figures next week should reduce fears of an imminent US recession. Official numbers should show that although industrial production fell slightly in September after a strong August, output rose by around 0.4 per cent in the quarter as a whole. Retail sales should be stronger, rising in September to give an inflation-adjusted rise in the quarter of just under 1 per cent. This picture should be corroborated by surveys from the New York and Philadelphia Federal Reserves, both of which should show manufacturers reporting current trading conditions to be around their post-2009 averages. All this would be consistent with real GDP growing at an annualised rate of over 2 per cent in the third quarter.

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