Business Conditions

“The single-family housing market remains a bright spot for the economy, supported by low interest rates and strong demand.” – Robert Hughes

“Manufacturers’ new orders for durable goods rose in October, with some categories at new record highs but renewed government restrictions are threatening the outlook.” – Robert Hughes

“Initial claims for unemployment benefits rose again in the latest week, pushing the four-week average to the first increase since July 25, a worrying sign for the economy” – Robert Hughes

“Consumer attitudes weakened in November, particularly for short-term expectations. Pessimism about jobs and the economy may restrain consumer spending and harm the economic recovery.” – Robert Hughes

“Existing-home sales rose again in October, making housing a bright spot for the economy, but the outlook remains highly uncertain.” – Robert Hughes

“Initial claims for unemployment benefits rose slightly in the latest week, the first increase since October 10. Renewed government restrictions pose a threat to economic recovery.” – Robert Hughes

“Single-family housing continues to be one of the strongest areas of the economy, supported by low mortgage rates and increased demand.” – Robert Hughes

“A manufacturing rebound continued in October, but reinstated government restrictions could delay the economic recovery.” – Robert Hughes

“Retail sales hit another record high in October, but recent developments regarding Covid-19 and reactionary government policies remain significant risks to economic recovery.” – Robert Hughes

“Consumer sentiment fell in early November following the election and a resurgence in Covid-19 infections. Combined with renewed restrictions, the outlook remains highly uncertain.” – Robert Hughes