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These are 1st 31 of Macy’s planned 125 shop closures
Economy & Politics
It’s great the currency markets is setting documents, however it’s maybe maybe not since the economy is fantastic
Published: Nov 18, 2019 10:12 a.m. ET
Customer spending, business production slow ahead of vacations
Shares on Wall Street have actually soared to clean record highs, however it’s perhaps not considering that the economy is blinking a thumbs-up sign that is big. It is perhaps maybe not.
The economy continues to be expanding, to be certain, and worries that are sporadic recession have actually faded once more. Yet U.S. Growth that is economic slowed sharply from early into the day into the 12 months and there’s small reason you may anticipate a holiday-season bonanza for the economy.
More proof a slowdown emerged in a set of current reports on commercial manufacturing and retail product sales — windows into just exactly just how companies and ?ndividuals are faring.
Manufacturers cut manufacturing in October by the absolute most in 17 months, showing weaker exports, lower oil costs and troubles that are ongoing Boeing BA, +2.87% as a payday loans CO result of its 737 Max fiasco.
Retail sales basically rebounded in October after decreasing in September, however a better glance at the numbers indicates individuals are perhaps not spending up to these were earlier within the day within the 12 months.
“Most of customers’ additional investing went along to gas channels, meals, and engine vehicles — all necessities for most of us, ” said Scott Anderson, main economist at Bank associated with western.
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