Economics Group: Weekly Economic & Financial Commentary
U.S. Review
Despite Falling Energy Prices, Inflation Hangs in There
- Headline inflation continues to be held down by falling energy prices. Core prices, however, are inching up and look to be stable on a year-ago basis.
- Industrial production disappointed in October as it slipped 0.1 percent. Weakness was concentrated in the utilities and mining industries. Manufacturing output, which accounts for about three-fourths of industrial activity, rose 0.2 percent.
- The housing recovery continued to progress in October. Although starts fell slightly, permitting activity rose to a six year high.
Follow the link below for the full report.
Wells Fargo Weekly Economic & Financial Commentary — November 21, 2014
Tags: economy