Mixed Data in a Holiday-Shortened Week
- The latest read on consumer spending was encouraging as personal income grew 0.3 percent in November. This was a bit faster than expected and enough to keep pace with the 0.3 percent increase in real personal spending during the month.
- The manufacturing sector still faces challenges as the durable goods report showed core capital goods orders and shipments both contracting in the month.
- Due to the New Year Holiday, release of this publication will resume the first week in January.
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Tags: economy, finance